This is the second consecutive IoT contract garnered by ARB, the company formerly known as ATURMAJU RESOURCES BHD. The day before, it had secured an RM18mil contract for a proposed residential development in Perak.
For this latest RM60.43mil contract, the proposed residential development comprises one block of 13 storey service apartments of 260 units including six levels of carpark.
The duration of the the contract shall be for 18 months, from the date of this LOA.
Arbiot will act as the sole project consultant to handle all resources, scope, cost and risk of the project. It will also design and execute all pre-commissioning and commissioning activities and testing of IoT systems, including installation of wire and wireless and mechatronic works required.
The stock was up 3.5 sen to 46 sen on volume of 11.81 million shares as at 3.31pm.
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