Aneka Jaringan bags RM22.5mil subcontract from IJM construction

KUALA LUMPUR: Aneka Jaringan Holdings Bhd has bagged a RM22.5 million subcontract from IJM Construction Sdn Bhd to undertake bored piling works for the Figure 8 Interchange and Ibrahim International Business District in Johor.

The company, which specialises in basement and foundation construction, said its wholly-owned subsidiary Aneka Jaringan Sdn Bhd accepted the letter of award from IJM Construction Sdn Bhd on May 24, 2024, for the works which come under the Johor Bahru-Singapore Rapid Transit System Link project.

It said the subcontract is expected to start on April 30, 2024, and be completed on Nov 14, 2024.

"The subcontract will not have any effect on the share capital and shareholding structure of the company.

"However, it is expected to contribute positively to Aneka’s consolidated earnings and net assets for the financial years ending Aug 31, 2024, and Aug 31, 2025, during the duration of the subcontract,” the company said. - Bernama