corporate

MN Holdings' unit & Protech Builders to bid for data centre project

KUALA LUMPUR: MN Holdings Bhd's subsidiary Mutu Nusantara Sdn Bhd has partnered with Protech Builders Sdn Bhd to submit a tender for subcontract works on the construction and completion of a data centre project.

In a filing to Bursa Malaysia today, MN Holdings said it is unable to disclose the identity of the customer, as the customer is not agreeable to provide consent for disclosure.

The company also did not disclose the contract value of the sub-contract works.  

Under the partnership, Mutu Nusantara and Protech Builders will share the work on a 51:49 basis.

As the project leader, Mutu Nusantara will handle tasks related to the substation's primary and secondary scope, as well as testing and commissioning.

Protech Builders, on the other hand, will focus on project management, the 33-kilovolt (kV) cable works scope, and cable bridge construction.

MN Holdings said the works will be funded by the company's internally generated funds and external borrowing.   

It expects the contract to contribute positively to company's earnings and earnings per share for the financial year ending June 30, 2025 (FY25).

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