KUALA LUMPUR: Central Global Bhd’s (CGB) 70 per cent-owned subsidiary, RYRT International Sdn Bhd, has secured a sub-contract works from a third-party main contractor, Pembinaan Urusmesra Sdn Bhd, worth RM183.29 million.
In a filing with Bursa Malaysia today, it said the contract also included the supply of plant, machinery, labour and materials required for the construction and completion of a project known as "Projek Jalan Semawang Ke Tanjung Kuala Gum-Gum, Sandakan, Sabah”.
It said the project shall commence on Oct 14, 2022 and is estimated to be completed by Oct 13, 2025.
"The acceptance of the contract is in the ordinary course of business of RYRT International and will enhance its existing order book.
"It is expected to provide an additional stream of revenue and profits to the group over the next three years,” it added. - Bernama