Iqzan Holding secures project worth RM143mil

KUALA LUMPUR: Iqzan Holding Bhd has secured a construction project worth approximately RM143mil via its subsidiary, Kacon Construction Sdn Bhd (KCSB).

In a filing with Bursa Malaysia today, the company said that the project entails the construction of a 24-storey office building in Jalan Tun HS Lee, Kuala Lumpur.

"The project is expected to positively contribute to the earnings of the Iqzan group for financial years (FY) 2025, FY2026, and FY2027,” it said.

The company also highlighted various risk factors which could affect the project, including the availability of skilled manpower and materials, fluctuations in material prices, and changes in political, economic and regulatory conditions.

"KCSB has expertise in the construction business, which the management believes will help mitigate these risks,” it added. - Bernama

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