UEM Edgenta wins RM109mil S'gor road maintenance contract


  • Business
  • Monday, 28 Dec 2015

KUALA LUMPUR: UEM EDGENTA BHD has been awarded a five-year road maintenance contract by the Selangor Public Works Department worth RM109.06mil.

The facilities and project management company told Bursa Malaysia that its unit Edgenta Propel Bhd (formerly Projek Penyelenggaraan Lebuhraya Bhd) would undertake the contract for the maintenance of Zone 3 state roads in Selangor from Feb 1 next year to Jan 31, 2021.

The statement did not elaborate on the locations of Zone 3 in the state. 

The contract is expected to contribute positively to the group’s future earnings and net assets per share.

UEM Edgenta is 70.68% owned by UEM Group Bhd, according to its latest annual report.

UEM Edgenta shares shed 4 sen to close at RM3.29 on Monday.
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