General Announcement for PLC
25/03/2019OTHERS UPDATES TO THE ACCEPTANCE OF LETTER OF AWARD AMOUNTING TO RM1.90 BILLION FROM XIDDIG CELLULAR COMMUNICATIONS SDN. BHD. (XIDDIG) FOR THE COMMISSIONING OF THE CORE, METRO DISTRIBUTION AND ACCESS NETWORK WITH RELATED SUPPORT SYSTEMS FOR THE EM-IIG PROJECT.
| MESINIAGA BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | UPDATES TO THE ACCEPTANCE OF LETTER OF AWARD AMOUNTING TO RM1.90 BILLION FROM XIDDIG CELLULAR COMMUNICATIONS SDN. BHD. (XIDDIG) FOR THE COMMISSIONING OF THE CORE, METRO DISTRIBUTION AND ACCESS NETWORK WITH RELATED SUPPORT SYSTEMS FOR THE EM-IIG PROJECT. |
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We refer to our earlier announcement (Ref: GA1-18012019-00058) dated on 18th January 2019.
We wish to update on following matters :-
The Contract Value The total amount of the Project announced as RM1,902,530,902 (Ringgit Malaysia: One Billion Nine Hundred and Two Million Five Hundred Thirty Thousand Nine Hundred and Two) is a ceiling value. The value may be revised subject to the finalisation of the scope of the Service Agreement due to be concluded by end of April 2019 between Mesiniaga Berhad and XiddiG. Any changes to the scope of the project will be made through the issuance of variation orders.
Duration of the Project Subject to site readiness and the completion of pre-requisite activities, both Mesiniaga Berhad and XiddiG have agreed in principle that the project timeline which would be based on the finalised scope in the Service Agreement be extended to 31 March 2021.
Thank you.
By order of the Board
JASNI ABDUL JALIL Company Secretary |
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Announcement Info
| Company Name | MESINIAGA BERHAD |
| Stock Name | MSNIAGA |
| Date Announced | 25 Mar 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25032019-00078 |