The company said in an emailed statement that KL Northgate Sdn Bhd, the developer of Paragon@KL, issued the LOI stating that Anzo Holding's unit HCCSB will be a joint partner of MCC Overseas (M) Sdn Bhd (MCCO) on the project.
“Subject to finalisation of contract pricing and agreement of terms and conditions, HCCSB-MCCO will be the appointed as main contractor to jointly undertake the construction of the project.
“The scope of work include, foundation of piling works; basement and upper floor carparks inclusive of Mechanical & Electrical (“M&E”) services; main buildings inclusive of Mechanical & Electrical works, furniture, fixtures and equipment, façade and cladding and ancillary works; and infrastructure work inclusive of earthworks, landscaping, facilities, flyover and ramps," the company said in an earlier Bursa Malaysia filing today.
Additionally, Anzo Holdings said in the ensuing media statement that the construction work, which is scheduled to start in 4Q2017, should see completion in six years.
KL Northgate is the developer of the RM3-billion 18-acre mixed development.
MCCO is a subsidiary of MCC Group which is a Hong Kong-listed China multinational under the direct supervision of China's State Asset supervision and Administration Commission (SASAC).
MCCO currently has 14 projects spread across Malaysia, including WHotel and Residences, an iconic 55-storey tower next to the Petronas Twin Towers; and the steel mill in Malaysia-China Kuantan Industrial Park, which, will be Malaysia's largest steel mill.
“KL Northgate's selection of Anzo Holdings Berhad and MCCO reflects the trust and confidence that the company has gained among Malaysian developers,” said MCCO deputy managing director Danny Tsen in the media statement.
Meanwhile, KL Northgate director Ng Yin Meng was quoted saying that the company went through a thorough selection process before shortlisting and inviting Anzo Holdings Berhad and MCCO to undertake the construction of Paragon@KL Northgate.
The negotiation on the LOI is currently underway.