KUALA LUMPUR (Jan 4): MN Holdings Bhd has bagged a RM98 million contract to undertake high voltage horizontal directional drilling and cable bridge works for a data centre located in the southern region of Peninsular Malaysia.

In a bourse filing, the infrastructure utilities services provider said its wholly-owned subsidiary Mutu Nusantara Sdn Bhd was awarded the contract by a customer that provides data centre services.

MN Holdings said the customer did not provide consent for the "disclosure of information in relation to the customer".

The tenure of the contract is 13.5 months commencing from Dec 1, 2023.

MN Holdings said the contract is expected to contribute positively to the group’s net assets and gearing throughout the contract period.

MN Holdings’ shares closed up two sen or 3.64% to 57 sen on Thursday, giving it a market capitalisation of RM233 million.