Protasco secures RM299.3mil road upgrading works contract

KUALA LUMPUR: Protasco Bhd’s wholly owned subsidiary, HCM Engineering Sdn Bhd, has secured a contract worth RM299.2mil from K.I. Engineering Sdn Bhd.

In a filing with Bursa Malaysia, Protasco said HCM had entered into a memorandum of agreement with K.I. Engineering to regulate the relationship with each other and set out their respective rights, duties and obligation in order to execute a contract to upgrade federal roads from Section 23.10 until Section 35.70 in Kulim, Kedah.