Pasukhas wins RM41mil job from Paramount

PETALING JAYA: Pasukhas Group Bhd (PGB) has won a contract from Paramount Property Construction Sdn Bhd to undertake superstructure works for hotels and a service apartment in Shah Alam, Selangor, totalling RM41mil.

In a filing with Bursa Malaysia yesterday, PGB said its 70%-owned subsidiary – Pasukhas Construction Sdn Bhd – had received a letter of award from Paramount Property to conduct the jobs for the hotels and a serviced apartment for RM7.65mil and RM33.65mil, respectively.

PGB, which is principally involved in mechanical and engineering works, said the superstructure works for the hotels and serviced apartment is expected to be completed in February and November 2019, respectively.

“The project is expected to contribute positively to the future earnings and net assets per share of the PGB group for the financial year ending Dec 31, 2018, and will not have any effect on the share capital and substantial shareholders’ shareholdings of the PGB group,” it said.

Pasukhas , Paramount , award