CNA unit inks letter of intent for US$70m airport terminal works

Singapore

MAINBOARD-LISTED CNA Group's wholly-owned subsidiary, CNA-HTE Vietnam Co, has signed a letter of intent with Vietstar Airlines Multirole Corporation for a US$70 million mechanical, electrical and plumbing contract for a multirole terminal complex in Vietnam.

CNA also said it is also mulling over the possibility of equity participation in the 30-year airport concession, to secure long-term recurring income opportunities.