KUALA LUMPUR: Grand Hoover Bhd’s (GHB) wholly-owned subsidiary, Pembinaan ATT Sdn Bhd, bagged three letters of award (LOA) from Widad Builders Sdn Bhd for sub-contract works worth RM373.83 million.
In a filing to Bursa Malaysia today, the company said the projects included the construction of a highway from Kota Bharu to Kuala Krai, Kelantan which commencing from Jan 6, 2022 to Dec 26, 2024 as well as upgrading two water treatment plants in Kedah beginning from Jan 6, 2022 to December 2023 and Jan 6, 2022 to October 2023 respectively.
It said the LOA would not have any effect on the share capital and substantial shareholders’ shareholding of GHB for the financial year ending June 30, 2022 to 2025 or any material effect on the net assets of GHB and its group of companies.
However, it said the contracts is expected to contribute positively to GHB group’s earnings over the duration of the LOA. - Bernama
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