PETALING JAYA: Minetech Resources Bhd has accepted a letter of award from Mah Sing Group Bhd
to undertake the upgrading and construction of external road and drainage works for the latter’s M Nova development in Kuala Lumpur, worth RM16.1mil.
In a filing with Bursa Malaysia, Minetech said the contract is expected to be completed within 21 months from the commencement date.
“The contract is expected to contribute positively to the revenue, earnings and net assets of the company and its subsidiaries for the financial years ending March 31, 2025 and March 31, 2026.
“The contract will not have impact on the share capital and/ or shareholding structure of Minetech.”
Minetech said there are no foreseeable significant risks other than operational risk associated with the contract during the contract period.
“Minetech Group management would put in place control measures and operational procedures to reduce the impact or likelihood of such events,” it said.
