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Thursday, 13 April 2017 | MYT 7:09 PM

Anzo gets letter of intent for RM1.2bil

construction job
BY M. HAFIDZ MAHPAR
KUALA LUMPUR: Anzo Holdings Bhds unit Harvest Court Construction Sdn Bhd has received a
letter of intent for a mixed development contract worth up to RM1.2bil from KL Northgate Sdn
Bhd.

In a filing with Bursa Malaysia, timber product manufacturing and construction firm said
Harvest Court had on Thursday received a letter of intent from KL Northgate.

The scope of work involves, among others, piling works and main buildings works for a
shopping centre and shop offices as well as hotel, residential and serviced suite towers in
Selayang.

As part of the conditions, Anzo will work with MCC Oversea (M) Sdn Bhd to jointly undertake
the project.

Anzo noted that the letter of intent was not legally binding.

KL Northgate expressed its intention to award the contract to Harvest Court subject to
finalisation of final contract pricing and agreement of terms and conditions.

The contract amount of up to RM1.2bil is an estimation given by KL Northgate based on the

scope of works in the said contract, Anzo said.

Save for Datuk Chai Woon Chet, who is an executive director and major shareholder of KL
Northgate and also the managing director and major shareholder of Anzo, none of the directors
and/or major shareholders of Anzo or persons connected with them has any interest, whether
direct or indirect, in the project, it said.
TAGS / KEYWORDS:
Corporate News , Construction , Anzo Holdings Bhd

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Market Summary
Updated: 13 Apr 2017 | 6:50 PM
Quotes are delayed by at least 15 mins

FBM KLCI Vol ('00)

1738.18 -5.9 -0.34% 38,626,493

FBMKLCI

Day's Range 52 Weeks Range

Low 1735.69 Low 1611.88
High 1743.34 High 1760

Gainers 220 Losers 765

 Unchanged 305 Untraded 452

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PWORTH 0.245 0.010 1,655,234

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SKH 0.165 0.015 753,994

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