PETALING JAYA: Jati Tinggi Group Bhd
(JTGB) has accepted a letter of award (LOA) from Gamuda Engineering Sdn Bhd worth RM33.8mil to perform engineering, procurement, construction and commissioning of horizontal directional drilling works for incoming power supply in Gombak, Selangor.
In a filing with Bursa Malaysia, JTGB said the contract shall commence on Aug 1, 2024 and for a contract period of 198 days.
“The substantial completion date shall be Feb 15, 2025.”
JTGB said the LOA is expected to contribute positively to the future earnings, earnings per share and net assets per share of the company over the duration of the contract.
“The LOA will not have any effect on the share capital and the shareholdings of the substantial shareholders of the company,” it said.
