Stella Holdings wins RM33.88mil contract from PAAB

KUALA LUMPUR: Stella Holdings Bhd’s wholly owned subsidiary Mewah Kota Sdn Bhd has secure a contract worth RM33.88mil from Pengurusan Aset Air Bhd (PAAB).

The construction engineering company, in a Bursa filing, said the contract is for the improvement of monsoon drains in Johor Bahru as well as repair works for the Larkin Perdana water tank.

Stella said the contract is for 18 months and the date of completion shall be on March 18, 2024.

“The contract is expected to contribute positively to the earnings of Stella group for the relevant financial periods within the duration of the contract,” it said.