Letter of Intent For the Construction And Completion Of The Proposed Bengoh Dam, Kuching Division, Sarawak

BackFeb 26, 2007
Naim Cendera Holdings Berhad ("Naim" or "the Company") is pleased to announce that it has received a revised Letter of Intent on the Construction and Completion of the Proposed Bengoh Dam, Kuching Division, Sarawak from Jabatan Kerja Raya, Kuching of which Naim will now undertake the project on a design and build basis.

Bengoh Dam a RCC (Rolled Compact Concrete) structure 267 metres long and 63.2 metres high with base width of 49 metres, at its full supply level will be able to store 144 million cubic metre of water in its 8.77 square kilometer reservoir. The project which will commence later this year will take at least 40 months to build and once completed will enhance the water supply for Kuching City until 2030.

The above contract when secured is expected to contribute positively to the profits of the Group in the future. The estimated contract value based on consultants estimate is RM230 million.

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


This announcement is dated 26th day of February 2007