Astral Supreme wins RM80.5mil People’s Housing job in Sabah


KUALA LUMPUR: Astral Supreme Bhd has received a RM80.53mil subcontract job to undertake the main building works under the People’s Housing Programme (PPR) in Kota Belud, Sabah.

The electronic product maker, which has begun diversifying into construction, told Bursa Malaysia that its unit Astral Supreme Construction Sdn Bhd (ASC) had received the letter of award (LOA) for the job from Kuasa Lumpadang Sdn Bhd.

ASC is expected to make a gross profit of RM5.48mil, or a margin of 6.8%, from the job.

Under the agreement, ASC will supply material, labour, and equipment to design, build and deliver 900 units single-storey terrace house and other related works at Ulu Perasan, Kota Belud.

It will undertake the main building works (except for earthwork) including structure, architecture, and mechanical and electrical works complete with ancillary building, landscaping and infrastructural works.

ASC ventured into the construction sector in March last year when it began construction activities by undertaking two subcontract works worth RM105mil for design and build and associated works for a PPR project in Ayer Panas and Paya Rumput, Malacca.

The Malacca projects are expected to be completed by the first quarter of next year.

Astral shares shed half a sen to close at 12.5 sen on Tuesday.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

The ageing conundrum
Health and social systems a priority in shifting demographic trend
Budget to boost flagging industries
Lessons from China Auto
Is inflation good for the economy?
HSS to grow renewable energy business
Good growth prospects for telcos
On the path to V-shaped recovery
Inflation rate in September higher compared with a year ago
Destini gears up for potential jobs with Siemens

Others Also Read


Vouchers