OTHERS NOVA MSC BERHAD (NOVAMSC OR THE COMPANY) CLARIFICATION ON THE ARTICLE IN THE NEW STRAITS TIMES DATED 3 SEPTEMBER 2020 : NOVA MSC TO LOCALISE SINGAPORES IFC DATA MODEL.

NOVA MSC BERHAD
08 Sep 2020

 

Type Announcement
Subject OTHERS
Description Nova MSC Berhad (NOVAMSC or the Company)
Clarification on the article in The New Straits Times dated 3 September 2020 : Nova MSC to localise Singapores IFC data model.

Reference is made to an article titled “Nova MSC to localise Singapore’s IFC data model” which appeared in the The New Straits Times on 3 September 2020 (“the Article”).

 

The Company would like to inform that the contract value for the project to develop a localized industry foundation class (IFC) information model by Singapore’s Building and Construction Authority (BCA) amounted to S$1,064,000 (or approximately RM3.2 million) to be implemented over 18 months.

 

The said contract is not expected to have any material impact to the Group’s upcoming financial performance. The press release was however issued with the intention to inform shareholders on the development of the Company, which was done from time to time, in line with the Company’s practices as a responsible corporate citizen. These practices help to give an insight to our shareholders on the direction of the Group going forward.

 

None of the directors and/or substantial shareholders of Nova MSC Berhad or persons connected to the said directors and/or substantial shareholders have any interest, direct or indirect in the new contract awarded.