See Hup bags RM99mil ECRL job

KUALA LUMPUR (Bernama) -- See Hup Consolidated Bhd has bagged a RM99.01 million contract from China Communications Construction (ECRL) Sdn Bhd to construct part of the subgrade works for the East Coast Rail Link project.

China Communications is the contractor of the mega project.

In a filing with Bursa Malaysia today, See Hup, which is engaged in providing transportation and logistics services, said the works will be undertaken by its 51%-owned unit, SH Moment Builder Sdn Bhd (SHM).

"Under the letter of acceptance that SHM accepted today, the project involves the construction and completion of part of the subgrade works of Package 1, Section 4 of the ECRL.

"The 28-month project will commence on March 1, 2021, with internally generated funds and/or external borrowings,” it said.

The group also said the award is expected to contribute positively to the future earnings and earnings per share of the group.

SHM is principally involved in the construction works and supply of various mechanical equipment.

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