Fil pic shows a model of one of the projects of Gadang.
PETALING JAYA: Despite the downside risks, Gadang Holdings Bhd
’s recent contract win of RM100.34mil for subcontract works is positive for the company and an earnings booster.
The subcontract works for the Central Spine Road Package 2 was secured by its wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd from Binary Vista Sdn Bhd.
The company said the subcontract is expected to contribute positively to the earnings and net assets of Gadang for the financial year ending May 31, 2022 and onwards.
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