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LET GROUP(01383):Suntrust与承建商订立供应及交付协议

Let group (01383): Suntrust has signed a supply and delivery agreement with the contractor.

Zhitong Finance ·  Aug 15 09:44

LET GROUP (01383) announced that on February 1, 2024, the company will acquire 51% of...

LET GROUP (01383) announced that on February 1, 2024, its subsidiary Suntrust and contractor (EE Black) signed a design agreement (EE Black) for the project. Suntrust appointed contractor (EE Black) as the design contractor for the project, with a contract amount of 1.5 million pesos (equivalent to approximately HKD 0.2 million).

On August 15, 2024, Suntrust and contractor (EE Black) signed a supply and delivery agreement (EE Black). Suntrust appointed contractor (EE Black) as the supplier and delivery contractor for the project, at a contract amount of 0.719 billion pesos (equivalent to approximately HKD 95.921 million); and an installation agreement (EE Black), Suntrust appointed contractor (EE Black) as the installation contractor for the project, at a contract amount of 0.18 billion pesos (equivalent to approximately HKD 24.046 million).

On August 15, 2023, Suntrust and contractor (MDCC) signed a decoration agreement (MDCC). Suntrust appointed contractor (MDCC) as the decoration contractor for the project, at a contract amount of 0.426 billion pesos (equivalent to approximately HKD 56.743 million).

On August 15, 2024, Suntrust and contractor (MDCC) signed a decoration agreement supplement (MDCC) to revise and supplement the decoration agreement (MDCC). The total amount of the supplement (SD-MDCC) based on the decoration agreement supplement is 0.431 billion pesos (equivalent to approximately HKD 57.466 million), and the contract amount based on the decoration agreement supplement (installation-MDCC) is 65.659 million pesos (equivalent to approximately HKD 8.755 million).

In addition, the company's shares will continue to be suspended.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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