Nexgram unit gets offer to undertake projects worth RM338.8m

By Surin Murugiah / theedgemarkets.com | March 3, 2017 : 2:00 PM MYT

KUALA LUMPUR (March 3): Nexgram Holdings Bhd's unit Intra Binaraya Sdn Bhd (IBSB) received an offer from Oriental Mace Sdn Bhd (OMSB) to
undertake projects worth US$77 million (RM338.8 million) in total.

In a filing with Bursa Malaysia today, Nexgram said IBSB was issued an offer letter dated Feb 11 to be appointed as the principal contractor to undertake projects
listed in the engineering, procurement and construction contracts (EPC projects) and supplemental agreements entered into between AJ Biologics Sdn Bhd, AJ
Research & Pharma Sdn Bhd and AJ Research Center Sdn Bhd (AJ Group) with OMSB.

The projects are to build a vaccine manufacturing plant and a pharmaceutical and neutraceutical manufacturing plant, as well as to construct a research and
development laboratory and formulation development centre in Bandar Baru Enstek, Seremban.

Nexgram said OMSB had previously issued a letter of offer in respect of the EPC projects to Versatile Creative Bhd for the purpose of appointing the main
contractor on May 26, 2016.

"The letter of offer was subsequently voided and terminated by OMSB with effect from Jan 19, 2017," it said.
It said the duration of the EPC projects shall be up to 24 months upon the signing of the definite agreement.

Nexgram bags RM338m job to build plants and lab

The Star, Friday, 3 March 2017 | MYT 4:23 PM

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.

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.

PPB, Mudajaya, PUC Founder, Scomi Engineering, IHH, Sumatec, Hock Seng Lee, Nexgram and
Tiger Synergy

By theedgemarkets.com / theedgemarkets.com | March 4, 2017 : 1:11 AM MYT

Translated by Google Translator:

Nexgram Holdings Bhd's unit Intra Binaraya Sdn Bhd (IBSB) received an offer from Oriental Mace Sdn Bhd (OMSB) to undertake projects worth US$77 million (RM338.8 million) in total.

Nexgram said IBSB was issued an offer letter dated Feb 11 to be appointed as the principal contractor to undertake projects listed in the engineering, procurement and construction contracts (EPC projects) and supplemental agreements entered into between AJ Biologics Sdn Bhd, AJ Research & Pharma Sdn Bhd and AJ Research Center Sdn Bhd (AJ Group) with OMSB.

The projects are to build a vaccine manufacturing plant and a pharmaceutical and neutraceutical manufacturing plant, as well as to construct a research and development laboratory and formulation development centre in Bandar Baru Enstek, Seremban.