PETALING JAYA: Construction firm VIVOCOM INTERNATIONAL HOLDINGS BHD has entered into a heads of agreement with oil and gas engineering services company MACfeam Sdn Bhd to form a consortium to tender for the East Coast Railway Line (ECRL) project.
MACfeam is a wholly-owned subsidiary of Pegasus Diversified Bhd and has been accredited by Petronas for major onshore fabrication and construction works.
According to a Bursa Malaysia filing yesterday, the consortium will be 60% owned by Vivocom’s subsidiary Vivocom Enterprise Sdn Bhd, while the remaining 40% stake will be held by MACfeam.
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