KAB bags sub-contract worth RM23.4mil


“I would like to thank CNQC for choosing us and giving us the opportunity to provide our services to them as we aspire to demonstrate once again our reliability to deliver our work in a timely manner, ” said KAB managing director Datuk Lai Keng Onn. (pic)

KUALA LUMPUR: Mechanical and electrical engineering company Kejuruteraan Asastera Bhd (KAB) has won a sub-contract worth RM23.4mil from CNQC Engineering & Construction (Malaysia) Sdn Bhd (CNQC).

In a filing with Bursa Malaysia yesterday, KAB said the sub-contract primarily involves, among others, the design, supply, construction and maintenance work to be undertaken during the defects liability periods for the internal and external electrical services for Agile Property Development Sdn Bhd’s Agile Embassy Garden project.

“This contract will bring the company’s total outstanding order book to approximately RM390.0mil and will provide earnings visibility for the next few years, ” it said.

The Agile Embassy Garden, located along Jalan Ampang in Kuala Lumpur, comprises three towers of 64-storeys each – featuring a total of 1,296 serviced apartments and retail units.

The work under the contract is expected to be completed by Oct 31,2023, it said.

KAB said the contract will bring the company’s total outstanding order book to approximately RM390mil and will provide earnings visibility for the next few years.

“We are extremely proud to be awarded this contract by CNQC, where we will continue to meet the growing demands from the building and property industry.

“I would like to thank CNQC for choosing us and giving us the opportunity to provide our services to them as we aspire to demonstrate once again our reliability to deliver our work in a timely manner, ” said KAB managing director Datuk Lai Keng Onn. ─ Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

KAB , Kejuruteraan Asastera Bhd , Lai Keng Onn , CNQC ,

   

Next In Business News

Wall St week ahead: Fed meeting looms for stocks
After the pandemic, a wave of spending by older consumers
Out-of-control shipping costs fire up prices from coffee to toys
G7 leaders commit to raise climate finance contributions
G7 rivals China with grand infrastructure plan
FMM: RM200b stimulus plan needed for SME manufacturers
No trading for KLTM next week
CPO futures likely to experience technical correction next week
Essential economic contributors must be protected
Oil price hits multi-year highs in third weekly gain on demand recovery

Stories You'll Enjoy


Vouchers