KUALA LUMPUR: NWP Holdings Bhd has been appointed by Listari Marina (MM2H) Sdn Bhd as the main contractor on the proposed development of 160 units services suites in Malacca.
In a filing with Bursa Malaysia, NWP said it had entered into a memorandum of understanding (MoU) with Listari Marina for the proposed appointment of the company as main contractor on the proposed development by the latter of service suites in Pekan Klebang Sek 11, Malacca.
“Listari Marina is proposing to appoint NWP as the main contractor for the project subject to finalisation of the terms and execution of a definitive agreement between the parties at a later date,” NWP said in the filing.
It added that NWP was required to seek for own funding and financing to carry out the works for the project.
NWP has also entered into a strategic partner MoU with SCEGC Installation Group Company Ltd to jointly develop a strategic partnership for any construction in Malaysia.
Under the MoU, any construction project obtained by the SCEGC and NWP shall be conducted through a joint venture which shall be limited strictly to the construction of development of property.
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