OTHERS NOVACITYNETS, a wholly owned subsidiary of NOVA MSC, awarded an approximately RM83.2 million contract from Singapore Building and Construction Authority

27 Oct 2017

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 from Building and Construction Authority in Singapore to study, revamp, design, develop, supply, deliver, install, test and commission a Construction And Real Estate Network System 2.0 (CORENET 2.0) with maintenance and other options commencing from 27 Oct 2017 to 26 Oct 2023 (“Contract”).

The contract sum is Singapore Dollar Twenty Six Million And Eight Hundred Forty-Eight Thousand Seven Hundred and Forty Six (S$26,848,746 or approximately RM83.2 million). NCN does not expect any material risk arising from the Contract other than the normal operational risk associated with the Contract. The Contract is expected to contribute positively to the result of the Group for the financial year ending 31 March 2018.

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 27th October 2017.

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