Quick take: Pasukhas rises on RM77mil new contract

KUALA LUMPUR: Shares in Pasukhas Group Bhd climbed in early trade Friday after securing a building and external work contract worth RM77mil.

The counter rose 0.5 sen, or 4.35 to 12 sen with over three million shares traded. Pasukhas-WA rose 33.33%, or 0.5 sen to two sen with over nine million shares done.

Pasukhas has secured a building and external works contract from Famous Ambience Sdn Bhd for RM77mil to complete the construction of a commercial smart building in Jalan Tun Razak.

It said the construction is scheduled to be completed entirely by November 2022.

Pasukhas will deploy its team of experts in the field of development, civil engineering, and construction services to ensure that the team adheres to its client’s project timeline, to be just right for re-opening of Malaysia’s economy.

Executive director and CEO Wan Thean Hoe said that the construction industry is starting to pick up the pace again with gradual economic recovery, supported by the implementation of various government initiatives and assistance.

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