PETALING JAYA: Hexagon Holdings Bhd received a Letter of Intent (LOI) for a contract, valued at RM20 million, from a Malaysian joint venture petrochemical company.
Hexagon’s wholly owned subsidiary, Hexagon Tower Sdn Bhd, was awarded a LOI to undertake an engineering, procurement, construction and commissioning (EPCC) contract for an ethane spherical tank project in Kerteh, Terengganu. However, it did not name the petrochemical company.
The contract was scheduled for completion by September next year, and is expected to contribute positively to Hexagon’s earnings and net tangible assets from its financial year ending March 31, 2010 onwards.
Source : The Edge
