PJBUMI

2.270

+0.1 (+4.6%)

(I) Joint Venture Agreement between PJBumi Heavy Engineering & Services Sdn. Bhd. ("PJBumiHES"), a wholly-owned subsidiary of PJBumi Berhad ("Company") and INTLEF Horizon Pressure Control (Jiangsu) Co., Ltd; and (II) Sales Contract of Drilling Rig between Rig Capital Pte. Ltd., an indirect wholly-owned subsidiary of the Company and Gaoyou Hao Xiang Petroleum Machinery Co., Ltd

PJBUMI BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-21012026-00002
Subject (I) Joint Venture Agreement between PJBumi Heavy Engineering & Services Sdn. Bhd. ("PJBumiHES"), a wholly-owned subsidiary of PJBumi Berhad ("Company") and INTLEF Horizon Pressure Control (Jiangsu) Co., Ltd; and (II) Sales Contract of Drilling Rig between Rig Capital Pte. Ltd., an indirect wholly-owned subsidiary of the Company and Gaoyou Hao Xiang Petroleum Machinery Co., Ltd
Description
PJBumi Berhad ("PJBumi" or the "Company") 
1) Joint Venture Agreement between PJBumi Heavy Engineering & Services Sdn. Bhd. ("PJBumiHES"), a wholly-owned subsidiary of the Company and INTLEF Horizon Pressure Control (Jiangsu) Co., Ltd
2) Sales Contract of Drilling Rig between Rig Capital Pte. Ltd., an indirect wholly-owned subsidiary of the Company and Gaoyou Hao Xiang Petroleum Machinery Co., Ltd
Query Letter Contents

We refer to your Company’s announcements dated 19 January 2026 and 20 January 2026 in respect of the aforesaid matters (“Announcements”).
 

In this connection, kindly furnish Bursa Securities with the following additional information for public release.

 

In relation to announcement dated 19 January 2026:

 

1.

To define “Project”.

2.

Description of the Project including the following:

i) nature of the Project, and parties involved;

ii) duration of the Project;

iii) the expected commencement and completion date of the Project;

iv) value of the Project; and

v) financing requirement of the Project.

3.

Source(s) of funds for financing the investment in JVco by PJBumi/PJBumiHES and the breakdown.

 

In relation to announcement dated 20 January 2026:

 

1.

The name of the subsidiary in PJBumi Group which directly own Rig Capital Pte. Ltd.

2.

To define “Integrated Project Management (IPM) Drilling Services”.

3.

Particulars of Drilling Rig 750HP AC and Drilling Rig 550 HP AC.

4.

Whether the purchase price is satisfied by cash, sources of funding and its breakdown.

5.

Particulars of all liabilities, including contingent liabilities and guarantees to be assumed by PJBumi Berhad, arising from the Contract.

6.

Names of Gaoyou Hao Xiang Petroleum Machinery Co., Ltd’ directors and substantial shareholders together with their respective direct and indirect shareholdings.

7.

Rationale and benefits of the purchase of the drilling rigs/entering into the Contract.

8.

Expected dates of delivery of the drilling rigs/completion of the Contract.

9.

Whether the purchase of the drilling rigs/Contract is subject to the approval from the relevant government authorities, and the estimated timeframe for submission of the application to such authorities.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully

Listing

Group Regulation


Cc : Market Surveillance Dept., Securities Commission

(Unless otherwise defined, the definitions and terms set out in the announcements dated 19 January 2026 and 20 January 2026 shall apply herein)

 

Reference is made to the Company’s announcements dated 19 January 2026 and 20 January 2026 and the query from Bursa Malaysia Securities Berhad vide its letter dated 21 January 2026 in relation to the same.

 

Please refer to the attached document for further details.

 

This announcement is dated 22 January 2026.



Please refer attachment below.



Announcement Info

Company Name PJBUMI BERHAD
Stock Name PJBUMI
Date Announced 22 Jan 2026
Category General Announcement for PLC
Reference Number GA1-21012026-00052