PETALING JAYA: Vestland Bhd
has secured a RM195.35mil contract from Euro Saga Sdn Bhd to undertake the site clearance and demolition, earthworks, drainage, pavement and road furniture works for the Kota Baru-Kuala Krai Expressway in Kelantan.
Vestland said completion of the construction works shall be on July 18, 2026, with the commencement date on July 19, 2024.
“The contract will have no effect on the issued share capital and substantial shareholders’ shareholdings of Vestland, as there is no issuance of new ordinary shares in the company.
“It is expected to contribute positively towards the earnings and net assets of Vestland and its subsidiary for the duration of the contract, assuming no material delay in the timing,” it said in a filing with Bursa Malaysia.
