WZ Satu: LoC on high­way job lapses

The Sun (Malaysia) - - SUNBIZ -

PETALING JAYA: WZ Satu Bhd’s let­ter of col­lab­o­ra­tion (LoC) en­tered with Kon­sor­tium PKMM Bina Sdn Bhd for the ten­der for the Pan Bor­neo High­way project has lapsed.

In a fil­ing with the stock ex­change, WZ Satu said there is no de­fin­i­tive or bind­ing agree­ment signed with PKMM Bina pur­suant to the LoC, which was inked on Oct 19, 2015 for col­lab­o­ra­tion on pre­qual­i­fi­ca­tion for de­vel­op­ment and up­grad­ing of the stretch in Sarawak.

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