TCS Group secures RM323m contract from Mah Sing's Cosmowealth


TCS Construction Sdn Bhd had accepted the letter of award for the serviced apartment project known as the M Arisa. The contract involves main construction works of two blocks totalling 1,598 apartments and also a 10-storey car park.

KUALA LUMPUR: TCS Group Bhd's unit has secured a RM323mil contract from Cosmowealth Housing Development Sdn Bhd, a subsidiary of Mah Sing Group Bhd, to build two blocks of apartments along Jalan Sentul Pasar here.

It announced on Wednesday TCS Construction Sdn Bhd had accepted the letter of award for the serviced apartment project known as the M Arisa. The contract involves main construction works of two blocks totalling 1,598 apartments and also a 10-storey car park.

“The completion time for the works shall be 36 months commencing from the date of site possession,” it said in a statement.

TCS Group managing director of TCS Group, Datuk Tee Chai Seng said: “We are delighted to have bagged our third project since our listing on July 23, 2020, which is a testimony to our technical and execution capabilities. In total, we have now won three contracts worth RM537.70mil in the past three months.”

Tee said TCS Group was honoured to be awarded a contract from Mah Sing, a multiple award-winning developer, for the construction of the M Arisa.

“We are also pleased with the progress and execution of our expansion plans so far, that is growing our building construction activities, expanding our infrastructure construction services, and purchasing machinery and equipment. At the same time, the group continues to take part in more project tenders, especially institutional buildings and infrastructure projects," he said.

He said TCS remains positive about the group’s outlook underpinned by the gradual recovery of the construction sector, its improved order book as well as its active participation in tenders for both building construction and infrastructure segments.”

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