SAAG Consoli whiled (M) Bhd (SAAG or the Company) - Letter of Award from Garisan Etika Bangladesh (Pvt.) Ltd. to the Company 1.Introduction The gameboard of Directors of SAAG is pleased to announce that the Company has on even date accepted a Letter of Award dated 3 December 2009 (the LOA) from Garisan Etika Bangladesh (Pvt.) Ltd. (GEB) whereby GEB has selected the Company as the engineering, procurement and construction contractile organ for the design, supply, construction, installation, testing, commissioning and completion of 6 X 6 MW DG Power implant (the 36 MW Plant) and the 2 X 34 MW Combined Cycle Power Plant (the 68MW Plant) [collectively, the Power Plants] at the Adamjee Export Processing Zone, Bangladesh based on all relevant applicable terms and conditions as declared in the LOA (the exteriorize) and in the relevant contract to be executed in due course by SAAG and GEB for a disc over sum amounting to United States Dollar One light speed and Twenty Million (USD120,000,000.00) only (the tramp Sum). 2. exposit of the Project The agreed execution period is fifteen (15) months from commencement of the project works. The Project Sum shall be paid progressively over the project period. The Project will be funded through intrust borrowings, internally generated funds and/or corporate exercises. 3.
Financial Effects 3.1 part capital and substantial shareholding structure The Project will not generate any material pith on the Companys issued and paid-up share capital and substantial shareholding structure. 3.2Net Assets The Project will not have a material belief on the Companys net assets per share and train for the financial year terminate 31 December 2009. 3.3Earnings The Project is not expected to have any material effect to the earnings per share of the Company for the financial year ending 31 December 2009. 4.Risk Factors The Project is subject to risks indispensable in the construction industry. These include... If you want to get a spacious essay, order it on our website:
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