MN Holdings Berhad (“MN Holdings” or the “Group”), a leading infrastructure utilities construction and engineering solutions specialist in Malaysia, announced that its wholly-owned subsidiary, MN Utilities Engineering Sdn Bhd (“MNUE”), has accepted four Letters of Appointment (“LOAs”) with a total contract value of RM122.7 million for supply and install of substation equipment for data centre projects in Central and Southern Peninsular Malaysia.
The LOAs were awarded by a customer principally engaged in the construction of engineering projects and recognised as an industry-leading consultant in the planning, design, and construction of information technology facilities, with its headquarters in the United States. The identity of the customer is not disclosed due to confidentiality obligations under a non-disclosure agreement.
Under the contracts, MNUE will undertake the supply, delivery, installation, and commissioning of power transformers, together with other related equipment and systems, for multiple data centre facilities. The projects are scheduled to commence in January 2026, with completion expected by June 2027.
Dato’ Clement Toh, the Managing Director of MN Holdings said, “These contracts reflect continued demand for reliable and high-capacity power infrastructure to support data centre developments. The awards further strengthen our order book and reinforce MN Holdings’ position in the data centre segment, where power reliability and execution capability are critical. With our experience in substation engineering and power systems, we are well-positioned to support the growing requirements of data centre operators across Malaysia. We remain focused on disciplined execution while delivering quality and timely outcomes for our clients.”
Upon inclusion of these contracts, the Group’s order book stands at approximately RM918.1 million, providing earnings visibility over the project period. The contracts are expected to contribute positively to the Group’s future earnings upon commencement of the projects.
