In its filings with Bursa Malaysia, Yong Tai said its wholly-owned subsidiary YTB Impression Sdn Bhd terminated the deal due to non-fulfilment of the condition precedent as stated in clause 3.1(c) of the joint development agreement. Yong Tai fell half a sen to close at 32.5 sen yesterday.
KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd
’s (KPS) subsidiary, SmartPipe Technology Sdn Bhd (SPT), has secured a RM20mil contract from Pengurusan Air Selangor Sdn Bhd (Air Selangor) to replace existing pipeworks in Hulu Langat and Kuala Lumpur.
KPS said the key scope included supplying and installing mild steel (MS) pipes, ductile iron (DI) pipes and high-density polyethylene (HDPE) pipe fixtures.
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