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The Company is pleased to announce that a contract has been awarded to the Company by Mudajaya Corporation Berhad ("MCB").

A Letter of Intent dated 9 February 2000 has been extended to the Company by MCB for the supply, fabrication delivery, installation of Structural Steelworks for the construction and completion of UiTM Hostel for 2000 students at Jalan Entigan, Samarahan, Sarawak.

The subcontract sum of the award is RM4,025,000.88 and is schedulled to complete in the third quarter of year 2000.