KUALA LUMPUR: Zelan Bhd's 95%-owned subsidiary, Terminal Bersepadu Gombank Sdn Bhd (TBGSB) has received a letter of intent for it appointment as the contractor to design and build the proposed upgrading of Middle Ring Road II, Taman Melati Interchange and other associated works.
In a filing with Bursa Malaysia, Zelan said the letter of intent would remain valid for six months subject to terms and conditions.
The pricing of the proposed upgrading and other associated works to be agreed upon, failing which the Government had the right to terminate the letter of intent without any further notice.
The Star 20/12/2011
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