KUALA LUMPUR (Oct 27): Nova MSC Bhd has won the tender to develop and maintain a Construction and Real Estate Network System 2.0 (CORENET 2.0) in Singapore for S$26.85 million (RM83.2 million).
In a filing today, Nova MSC said its subsidiary novaCITYNETS Pte Ltd was awarded the tender by the Singapore Building and Construction Authority .
Under the tender, novaCITYNETS will revamp, design, develop, supply, install, test and maintain the network system there.
The contract — from Oct 27, 2017 to Oct 26, 2023 — is expected to contribute to the books of Nova MSC beginning with its financial year ending March 31, 2018.
Shares of Nova MSC closed 5.26% or half a sen lower at 9 sen, giving it a market capitalisation of RM61.49 million.