OTHERS novaCITYNETS Pte Ltd, a subsidiary of NOVA MSC, awarded an approximately RM15.4 million contract from Public Utilities Board in Singapore

08 Jun 2018

The Board of Directors of Nova MSC Berhad is pleased to announce that the Company’s wholly owned subsidiary, novaCITYNETS Pte Ltd (“NCN”) has been awarded the tender with Public Utilities Board in Singapore for a contract sum of Singapore Dollar Five Million One Hundred Sixty Eight Thousand Nine Hundred and Seventy (S$5,168,970 or approximately RM15.4 million) (“Contract”). Under the Contract, NCN shall supply, deliver and implement a Building Information Modelling (BIM) Checking Systems for Building Plan Submission (“Project”) over about 20 months and thereafter maintain the Project for the next 20 months.

The Contract will not have any effect on the share capital and shareholding structure of Nova MSC Bhd. The Contract, however, is expected to contribute positively to the result of the Group for the financial year ending 31 March 2019.

NCN does not expect any material risk arising from the Contract other than the normal operational risk associated with the Contract.

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 8th June 2018.

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