KUALA LUMPUR: Econpile Holdings Bhd
has secured a contract for foundation and substructure works worth RM208mil from Oxley Rising Sdn Bhd.
The contract comprises bored piling and pilecaps, diaphragm, earthworks, foundation and substructure works of a mixed commercial development in Jalan Ampang, Kuala Lumpur, comprising hotels, branded residences, offices and retails, it said in a filing with Bursa Malaysia on Thursday.
The overall duration of the contract, to be undertaken by Econpile’s wholly-owned subsidiary, Econpile (M) Sdn Bhd (EMSB), is about 26 months.
It is the main stream business of EMSB and is expected to contribute positively to Econpile’s revenue and earnings for the financial year ending June 30, 2017. - Bernama
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