Econpile wins RM101.3mil substructure works contract

KUALA LUMPUR: Econpile Holdings Bhd has secured a contract worth RM101.3mil from Suriamega Development Sdn Bhd to undertake the substructure works for three blocks of SOHO comprising two blocks of 50-storey SOHO and a block of 51-storey SOHO in Kuala Lumpur.

In a filing with Bursa Malaysia, Econpile said its wholly-owned subsidiary, Econpile (M) Sdn Bhd had on Sept 29, received a letter of award dated Sept 27 from Suriamega.

Econpile said the works for the project are divided into three sections with different dates of commencement. The works for each section will be completed within 18 months from their respective date of commencement

The date of commencement for Section 1 is Oct 2, 2023, while those for the other two sections will be confirmed later.

“The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2024 onwards,” Econpile said.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!



Next In Business News

Sedania forges ahead with Islamic fintech ambitions
Trading ideas: Public Bank, Axiata, Cahya Mata, Berjaya Corp, Mega First, QL Resources, Sarawak Oil Palm, PPB, FGV, Supermax and Pharmaniaga
Allianz Malaysia’s affordable insurance in line with government’s Rahmah Insurance initiative
Premature to debate end to negative rate policy
China’s Nio teams up with Geely on battery swapping
Condo resales recover slightly in October
Mega First 3Q revenue falls
Cambodia scraps coal-fired power plant project
Axiata puts in strong performance, grows revenue
Global bonds surge toward best month since 2008 financial crisis

Others Also Read