PETALING JAYA: EVD Bhd has accepted a letter of acceptance (LOA) from WZR Property Sdn Bhd to perform sub-contract works pertaining to a traffic control and surveillance system on the East Klang Valley Expressway, worth RM18mil.
In a filing with Bursa Malaysia, the system software company said the scope of works covers the supply of labour, materials and all necessary plants and machinery of the works.
“The contract is based on an overall completion period of 21 weeks from the date of commencement or within any extended period (if any) upon the sole discretion of the main contractor in writing.”
The company said the commencement date will be on May 21, 2025.
It added that Section 1 and Section2 (both, including internal testing and commissioning) will be completed by July 30 and Oct 30, 2025, respectively.
“The LOA is expected to contribute positively to the future earnings, earnings per share and net assets per share of the company over the duration of the contract.
“The LOA will not have any effect on the share capital and the shareholdings of the substantial shareholders of the company.”