EPC contract for Sarawak phosphate additives plant to be awarded soon

According to Bintulu Port Holdings Bhd

THE award for the engineering, procurement and construction (EPC) contract for the multi-billion ringgit phosphate additives plant being planned for Sarawak will be announced next week.

While on the face of it this may not be too exciting a development, it is part of a chain of events that will eventually lead to the completion of a reverse takeover of a little known Singapore-listed company called OLS Enterprise Ltd by one of the shareholders of the phosphate plant project.