Nylex Malaysia jumps 23% in active trade on talks for LRT construction project in JB
15 Dec 2022
letter of intent (LOI)
Not LOL
Under the LOI,
CRRC Changchun agrees to undertake the project as turnkey contractor and recommends the use of the straddle monorail system for the project.
On March 21, Nylex entered into a heads of agreement with
Sinar Bina Infra Sdn Bhd,
LBS Bina Group Bhd,
BTS Group Holdings Public Company Ltd
and its parent firm Ancom Nylex Bhd
, for collaboration to build and operate the LRT system in Johor Bahru.
Nylex (Malaysia) Bhd. is an investment holding company, which engages in the manufacture and marketing of vinyl-coated fabrics, calendared film and sheeting, rotomolded plastic products, and other plastic products.
The company was founded on March 26, 1970, and is headquartered in Shah Alam, Malaysia.
If gamuda bhd or IJM corp bhd better lah.........
But a plastic company.......
Mostly will be done by CRCC, need a local company join venture in order to bid the project. CRCC also the one supplying ART, they got multiple source of product