New high for Dagang NeXchange Bhd
KUALA LUMPUR: Nexgram Holdings Bhd
's unit has bagged a US$77mil (RM338.80mil) contract to build two plants and a laboratory in Bandar Baru Enstek, Negeri Sembilan.
It said on Friday that its unit Intra Binaraya Sdn Bhd had received a letter of award dated Feb 11 from Oriental Mace Sdn Bhd, which was the principal contractor.
Oriental Mace is the existing engineering, procurement and construction (EPC) contractor for the project to build a vaccine manufacturing plant, a pharmaceutical and neutrical manufacturing plant and a research and development laboratory.
Oriental Mace previously issued a letter of offer for EPC projects to Versatile Creative Bhd to be the main contractor on May 26, 2016.
However, the letter of offer was subsequently terminated by Oriental Mac with effect from Jan 19, 2017.
Under the agreement, Oriental Mace as the EPC principal contractor had to settle all outstanding payments owed to the contractors or any parties while undertaking the projects.
Oriental Mace also had to settle and pay all the outstanding payment prior to the execution of the letter of offer.
“The duration of the EPC projects shall be up to 24 months upon the signing of the definite agreement,” it said.
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