AT SYSTEMATIZATION BERHAD
JOINT VENTURE AGREEMENT (“JVA”) BETWEEN AT SYSTEMATIZATION BERHAD (“ATS”), ANHUI SHENGYUN ENVIRONMENT PROTECTION GROUP CO. LTD (“ANHUI”), PROMOSI MANTAP SDN. BHD. (COMPANY NO. 507868-H) (“PMSB”) AND
MD. WIRA DANI BIN ABDUL DAIM ( (NRIC NO. 781015-71-5039) (“MW”) [COLLECTIVELY KNOWN AS “THE PARTIES”]
The Board of Directors (“Board”) of ATS is pleased to announce that the Company has on 17 April 2014 entered into a Joint Venture Agreement (“JVA”) with ANHUI, PMSB and MW to bid for the international tender for the construction of a mass-scale incinerator facility for a “Waste to Energy” Public Private Partnership (PPP) Project at Kepong Solid Waste Transfer Station Kuala Lumpur (“the Project”) from the Government of Malaysia through the Unit Kerjasama Awam Swasta, Jabatan Perdana Menteri, Aras 2, Block Menara, Menara Usahawan, Persiaran Perdana, Presint 2, 62652 Putrajaya (“the Employer”) through a joint venture company known as ATS Biotech Sdn. Bhd. (Company No. 1040158-K) (“JVCO”) [Joint Venture].
BACKGROUND INFORMATION ON THE PARTIES & JVCO
ATS is a public company incorporated in Malaysia under the Companies Act 1965 and having its business address at Lot 11.2, 11th Floor, Menara Lien Hoe, No. 8, Persiaran Tropicana, 47410 Petaling Jaya, Selangor. ATS is listed on the ACE Market in the Bursa Malaysia Securities Berhad and is involved in fabrication of industrial and engineering parts and design and manufacture of industrial automation system and machinery.
ANHUI is a company incorporated in the People’s Republic of China and having its business address at Kuaihuoling, Tongcheng, Anhui Province, China. ANHUI is principally involved in development, construction, and operation of Waste to Energy facilities.
PMSB is a company incorporated in Malaysia under the Companies Act 1965 and having its business address at Suite 6G, Letter Box 88, UBN Tower, Jalan P. Ramlee, 50250 Kuala Lumpur. PMSB is principally involved in construction businesses in Malaysia.
MW is a Malaysian residing at Suite 26-1, Tower B, Pavilion, Jalan Raja Chulan, 50200 Kuala Lumpur.
JVCO is a company incorporated in Malaysia on 27 March 2013 and it currently has an authorized and paid up capital of Ringgit Malaysia Five Hundred Thousand (RM500,000-00) divided into 500,000 ordinary shares of Ringgit Malaysia One (1) each.
Subject to the requirements of the Employer as spelt out in the tender of the Project, the Parties have formed a joint-venture company known as JVCO with its business address at Lot 11.2, 11th Floor, Menara Lien Hoe, No. 8 Persiaran Tropicana, 47410 Petaling Jaya, Selangor to bid for the Project.