PETALING JAYA: Tafi Industries Bhd’s wholly-owned unit, TAFI Home & Office Sdn Bhd, has been awarded a RM30mil contract from Buana Tunggal Sdn Bhd for construction-related works, including mechanical and electrical to complete a mixed commercial development project at Permas City, Johor Bahru.
In addition to the RM30mil award sum, TAFI Home & Office Sdn Bhd shall also be entitled to 30% share of the net gross development value proceeds of certain units of properties under the Permas City project which is estimated to be around RM6mil.