Kejuruteraan Asastera bags RM23.4m contract, boosts order book to RM390m


KUALA LUMPUR: Kejuruteraan Asastera Bhd has secured a RM23.40mil contract for the electrical services of Agile Property Development Sdn Bhd’s property project along Jalan Ampang.

It said on Monday it had accepted a sub-contract from CNQC Engineering & Construction (Malaysia) Sdn Bhd for the internal and external electrical services of the Agile Embassy Garden project.

Agile Embassy Garden comprises three towers of 64-storeys each with 1,296 serviced apartments and retail units.

The contract came into effect on Monday and it is expected to be completed by Oct 31,2023.

KAB managing director Datuk Lai Keng Onn said this contract would contribute positively to the group’s future earnings.

With this contract, KAB’s orderbook is increased to about RM390mil and will provide earnings visibility for the next few years, he said.

KAB is an electrical and mechanical engineering services.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

IATA: Total air traffic surges 68% in August 2022
U.S. weekly jobless claims increase more than expected
Malaysian bubble tea chain brewing up rapid expansion, to revisit IPO plans
Hong Leong Banks introduce enhanced security measures to protect customers from fraud
Ringgit retreats from gains to close lower against US dollar
Nestcon bags RM91.18mil hydroelectric project
Yinson secures US$720mil financing for FPSO Maria Quit�ria
Bursa Malaysia Derivatives to host inaugural East Malaysia POC 2022 in Kota Kinabalu
Tropicana and Marriott ink to build Sheraton in Langkawi
Citaglobal obtains shareholders’ nod to buy CESSB for RM140mil

Others Also Read