Page 10 - Berita_SungeiWay_Apr_June_1997

SUNGEI WAYCONSTRji

Chew Chee Kin
'•"""'I'Kg the'gong'while Mr
Kwan Foh Kwai (extreme
left). Datiik Lokmun Musa.
Tan Sri Navaratnam, Mr
Chan Kee Hwa. Puan Sri
Susan Cheah. Mr Ng Kit
Heng. Mr Yau Kok Seng and
Mr K L Tan (extreme right}
look on

s Kuala borrowings and working capital purposes.

ungei Way Construction Berhad (Suncon)
was listed on the main board of the
Lumpur
is
The
issue
Stock Exchange on
12th June.
underwritten
being Sungei Way Construction public Merchant
D C B Sakura
by
Sungei Way Construction shares opened trading Bankers as the Managing Underwriter, Arab
at RM3.78 for a premium of RM2.28 or 152 per Malaysian Merchant Bank Bhd, H L G Securities
cent over its offer price of RM 1.50. At the end Sdn Bhd, Malaysian International Merchant
of the day's trading, it hit a high of RM4.82 with Bank Bhd, Rashid Hussein Securities Sdn Bhd,
20,289 lots traded. Smith Zain Securities Sdn Bhd, T A Securities
Sdn Bhd and Perwira Affin Merchant Bank Bhd.
Currently one of the top five infrastructure
construction groups in the country, the company
has steadily been growing and has RM3.3 billion
worth of projects in hand. Out of this 30% are
in-house projects.

Sungei Way Construction is currently the main
turnkey contractor for two highway privatization
projects at a contract value or RM1.58 billion.
It plans to participate more aggressively in
infrastructure projects in the near future.

With the funds from the public issue or RM71.85
million, the company will be utilizing RM130 Mr Tun Kia Lake. Sungei Way Construction's Managing /-»"'''""
million for capital expenditure, repayment of during the balloting on 22nd May 1997

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