NOVA MSC BERHAD
5 Mar 2008
|Subject||NEW CONTRACT AWARDED|
|Contents||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 an multi-million contract by the Singapore’s Attorney-General’s Chambers (“AGC”). Under the contract, NCN will provide professional services to AGC for the supply, delivery, installations, testing, commissioning of a fully operational enterprise legal management systems (“System”) with an option for maintenance. NCN will implement the system at a contracted price of approximately S$2.7 million (or approximately RM6.2 million) in multiple stages over the next 18 months. After the System warranty period, at the option of AGC, NCN will undertake the application maintenance at contracted value of approximately S$1.6 million (or approximately RM3.6 million) over a period of 4 years. The project is expected to contribute positively to the result of the Group over the contractual 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 5th March 2008.
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