4 days ago
- Business
- New Straits Times
MN Holdings unit secures contract worth RM39.53mil for EPCC project
KUALA LUMPUR: MN Holdings Bhd's (MNHB) wholly owned subsidiary MN Power Transmission Sdn Bhd (MNPTSB) has accepted a letter of award (LOA) for a contract worth RM39.53 million.
The LOA was awarded by a company that provides information technology services in relation to a project involving engineering, procurement, construction, and commissioning (EPCC) of proposed electrical supply system for a cable landing station (CLS) of a data centre located at the southern region of Malaysia.
"The scope of works comprises supply, erect, install, testing and commissioning all substation equipment and associated civil works for the expansion of electrical supply system for the CLS," it said in a filing with Bursa Malaysia today.
MNHB said the contract commenced on April 15, 2025 with the long lead equipment (LLE) delivery to be completed tentatively on Sept 30, 2025, followed by the completion of power turn-on Dec 30, 2025.
"The LOA will not have any effect on the issued share capital and the shareholding of the substantial shareholders of MNHB.
"However, it is expected to contribute positively to the future earnings and net assets per share of the company upon commencement of the project," it added.
