NOVA MSC BERHAD
16 Jun 2014
|NOVACITYNETS, a wholly owned subsidiary of NOVA MSC, won a total awarded items of RM24.5m (S$9.6m) by Ministry of Law in Singapore
The Board of Directors of Nova MSC Berhad is pleased to announce today that the Company’s wholly-owned subsidiary novaCITYNETS Pte Ltd (“NCN”) has won the tender bid from the Legal Aid Bureau of Ministry of Law in Singapore (“LAB”) to design, develop, supply, deliver, install, test, train, migrate and commission a fully operational LAB’s CASE Management system with option for maintenance (“Contract”).
The contract price for the total awarded items is approximately RM24.5 million (approximately S$9.6 million) consisting of a firm award of RM6.2 million for mandatory capital items, RM3.5 million for optional capital items and RM14.8 million for maintenance over 5 years subject to annual renewal. NCN expects to deliver the mandatory capital items to LAB over a period of 2 years with 1 year of system warranty. The Contract is expected to contribute positively to the result of the Group over the period.
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.
This announcement is dated 16 June 2014.
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