Cabnet bags RM22.26mil Kulim contract

PETALING JAYA: Cabnet Holdings Bhd has bagged a RM22.26mil contract as the works package contractor for the electrical work package for a factory located at Kulim, Kedah.

In its filing with Bursa Malaysia, the company yesterday said its wholly owned subsidiary CEE M&E Engineering Sdn Bhd received the letter of award for the contract that is to commence on Oct 27.

The completion date of the contract is scheduled to be Feb 28, 2022, it said, adding that the contract was expected to contribute positively to the group’s earnings and net assets per share from financial years ending Dec 31, 2021 to 2022.

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