KUALA LUMPUR: MUDAJAYA GROUP BHD []'s unit Mudajaya Corporation Bhd been given a letter of intent to design and build a component of the Manjung power plant for a contract valued at RM720 million.
In a filing to Bursa Malaysia Securities on Friday, June 3, Mudaya said Mudajaya Corp was the given the letter on June 2 by CMC Machipex Sdn Bhd to build the balance of plant component of Manjung No. 4 Power Plant Project.
It said Mudajaya Corp was authorised to start mobilisation on''6 June 2011 to undertake the advanced subcontract works as well.
Mudajaya said the execution of the sub-contract would be subject to the conclusion of the''terms and conditions of the contract and the approval from the parent company of CMC.
'Both Mudajaya Corp and CMC agree to make all reasonable endeavours to achieve the contract execution by July 7, 2011.
'The project is expected to contribute positively towards the''earnings and net assets of the group for current and future financial years,' it said.
In a filing to Bursa Malaysia Securities on Friday, June 3, Mudaya said Mudajaya Corp was the given the letter on June 2 by CMC Machipex Sdn Bhd to build the balance of plant component of Manjung No. 4 Power Plant Project.
It said Mudajaya Corp was authorised to start mobilisation on''6 June 2011 to undertake the advanced subcontract works as well.
Mudajaya said the execution of the sub-contract would be subject to the conclusion of the''terms and conditions of the contract and the approval from the parent company of CMC.
'Both Mudajaya Corp and CMC agree to make all reasonable endeavours to achieve the contract execution by July 7, 2011.
'The project is expected to contribute positively towards the''earnings and net assets of the group for current and future financial years,' it said.
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