Gadang Holdings Bhd has won a contract for an undisclosed sum from Petroliam Nasional Bhd. (See announcement)
How investors assess the impact of the award if crucial information such as the contract sum was not disclosed?
This is against the spirit of continuing disclosure to ensure a credible and responsible market in which participants
conduct themselves with the highest standards of due diligence and investors have access to timely and accurate information to facilitate the evaluation of securities.
Shouldn't the company at least explain why the contract sum was not disclosed in the announcement?
Further to the announcement dated 5 October 2012, Gadang Holdings Berhad ("the Company") wishes to announce that the total estimated provisional price for the Contract is RM312.8 million. The Company does not foresee any exceptional risk other than the normal construction risk associated with the Contract.
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