AZRB secures RM150mil project


Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.

KUALA LUMPUR: Ahmad Zaki Sdn Bhd, a wholly-owned subsidiary of Ahmad Zaki Resources Bhd (AZRB), has accepted a letter of award (LOA) for a RM150 million contract from Rantau Properties Sdn Bhd.

In a filing with Bursa Malaysia, AZRB said the project would be completed within 26 months from the date of site possession on March 1, 2019 and was expected to contribute positively to the company's future earnings.

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