Tuju Setia managing director Wee Eng Kong said there were still active tenders for essential buildings such as residential, hospitals and healthcare facilities despite the higher prices of building materials such as steel and concrete.
PETALING JAYA: Tuju Setia Bhd
is tendering for RM2.8bil worth of projects to build high-rise and industrial buildings, as well as hospital and healthcare facilities.
Tuju Setia managing director Wee Eng Kong said there were still active tenders for essential buildings such as residential, hospitals and healthcare facilities despite the higher prices of building materials such as steel and concrete.
“Our expertise is in constructing high-rises, especially in the range of affordable to premium residential and commercial buildings that are located strategically in areas to fulfil strong demand,” he said in a statement yesterday.
“Our last two recent wins from Sunway reflect this demand,” he added.
Tuju Setia, through its subsidiary Pembinaan Tuju Setia Sdn Bhd, is involved in the provision of construction services as the main contractor, with experience in commercial, residential and institutional buildings, mainly in the Klang Valley.
The construction services company’s current order book is worth RM1.5bil and includes recent wins such as the RM257mil Jernih Residence in Kajang and the RM311.17mil Sunway d’hill Residence in Petaling Jaya.
Other ongoing projects are the Mutiara Central Office Suites in Cheras, Riana Dutamas in Segambut, Lakefront Condominiums at Emerald Hills in Cheras, TUAI Residence in Setia Alam, The Pulse Residence in Puchong, 121 Residence in Petaling Jaya, One Equine in Seri Kembangan and the Kajang Women and Children Hospital.
Meanwhile, the company’s shareholders approved a final dividend of 0.5 sen per share in respect of the financial year 2021 (FY21) performance, with the payment date on July 20, 2022.
Together with the first interim dividend of 0.5 sen paid on Jan 20, the total dividend payout in respect of FY21 amounted to RM3.2mil or 39% of FY21’s net profit, exceeding Tuju Setia’s dividend policy to distribute 25% of its annual net profit.
“We appreciate our valued shareholders who have remained supportive even during challenging times.
“Going forward, Tuju Setia will work towards sustaining our business operations and manage our finances prudently during this commodity supercycle period,” said Wee.
“We hope to keep construction activities at peak levels and actively participate in tenders to secure new projects,” he added.
