Award Of Contract

BackOct 27, 2010
Date Announced
:
 27/10/2010  




Type
:
 Announcement
Subject
:
AWARD OF CONTRACT

Contents
:
The Board of Directors of Naim Holdings Berhad (“Naim”) is pleased to announce that its wholly-owned subsidiary, NCSB Engineering Sdn. Bhd. has been awarded a contract by Jabatan Kerja Raya, Kuching with a contract value of One Hundred and Sixty-Eight Million and Eight Hundred Thousand only (RM168,800,000.00) for the designing and building of the Bengoh Resettlement Scheme – Infrastructure Work, Kuching, Sarawak (“the Project”).

Any risks involved are the normal risks associated with construction contracts which are carried out by Naim Group.

The contract is expected to contribute positively to the earnings and net assets of Naim Group for the financial years ending 2010 to 2012.

None of the directors and/or major shareholders of Naim or persons connected to them have any interest, direct or indirect, in the above contract.


Dated this 27th day of October 2010