The Board of Directors of MPB is pleased to announce that the Company has on 10 July 2019 entered into a Memorandum of Understanding (“MOU”) with PowerChina Construction  to establish a consortium between the parties to collaborate and bid for the Engineering, Procurement and Construction work in Malaysia (new contract). The activities include all tasks required of the parties with respect to or in connection with the new contract for the project and including the negotiation of and entering into related arrangements, documentation and agreements with the local assignee company.

Further details of the MOU are set out in the attachment below. 

This Announcement is dated 16 July 2019.