KUALA LUMPUR: Flonic Hi-Tec Bhd’s wholly-owned unit, Jiwa Project Sdn Bhd, has accepted a contract worth RM30.86mil for project management and sub-contract works from B.S. Civil Engineering Sdn Bhd.
The precision system manufacturer and mechanical and electrical maintenance services provider told Bursa Malaysia that the contract was for the construction of 28 single-storey detached units, 150 double-storey semi-detached units and infrastructure works for an affordable housing project in Batu Berendam, Malacca.
“Construction work is to begin on May 9 and to be completed on March 31 next year.
“The contract is expected to contribute positively to the earnings and earnings per share of Flonic Hi-Tec for the financial year ending Jan 31, 2017,” it said. - Bernama
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