PROJECT AWARDED BY SINGAPORES BUILDING AND CONSTRUCTION AUTHORITY TO DEVELOP A LOCALIZED INDUSTRY FOUNDATION CLASS INFORMATION MODEL (CONTRACT)

NOVA MSC BERHAD
11 Sep 2020

 

Type Reply to Query
Reply to Bursa Malaysia’s Query Letter – Reference ID IQL-10092020-00002
Subject Project awarded by Singapores Building and Construction Authority to develop a localized industry foundation class information model (Contract)
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.
Query Letter Contents We refer to your Company’s announcement dated 8 September 2020, in respect of the aforesaid matter.

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

  1. The date on which the Contract was awarded.
  2. The risks in relation to the Contract.
  3. The commencement and completion dates of the Contract.

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

 

Yours faithfully

LISTING

REGULATION

 

Cc : Market Surveillance Dept., Securities Commission (via fax)

We refer to our announcement dated 8 September 2020 on the clarification on The New Straits Times article published on 3 September 2020 : “Nova MSC to localize Singapore’s IFC data model” (“Announcement”) and the query from Bursa Securities dated 10 September 2020 in relation to the Announcement (“Query Letter”). Unless otherwise stated, the terms used throughout this announcement shall have the same meanings as defined in the Announcement

 

We wish to announce the following additional information as required by Bursa Securities pursuant to the Query Letter:

Q1       The date on which the Contract was awarded

The Contract was awarded on 25 August 2020.

 

Q2       The risks in relation to the Contract

No material risk arising from the Contract is expected, other than the normal operational risk associated with the Contract.

 

Q3.      The commencement and completion dates of the Contract

The Contract commenced on 26 August 2020 and will complete on 28 Feb 2022.