KUALA LUMPUR: NWP Holdings Bhd’s wholly-owned subsidiary NWP Builder Sdn Bhd has been appointed as the main contractor of Listari Marina (MM2H) Sdn Bhd’s (LMH) proposed development of serviced suites in Malacca for RM22mil.
The loss-making timber product manufacturer, which has been exploring additional business opportunities to strengthen its financial position, said the agreement was for the construction of a nine-storey tower block with 160 units of serviced suites in Pekan Klebang.
In the same filing with Bursa Malaysia, the company also said NWP Builder had been given a G7 licence last Thursday following its application to the Construction Industry Development Board Malaysia to be a registered contractor.
In July, NWP had signed A memorandum of understanding with China-based mechanical and engineering installation company SCEGC Installation Group Co Ltd to jointly develop a strategic partnership for any construction job in Malaysia.
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