TAFI unit secures RM30mil contract for mixed commercial project in JB

KUALA LUMPUR: Tafi Industries Bhd's wholly owned unit TAFI Home & Office Sdn Bhd has secured a RM30mil contract from Buana Tunggal Sdn Bhd for construction works at a mixed commercial development at Permas City in Johor Bahru.

In a statement, the group said TAFI Home & Office will also be entitled to a 30% share of the net gross development value proceeds of certain units of properties under the Permas City project, which is estimated to be about RM6mil.