PETALING JAYA: HE Group Bhd
has accepted a letter of award worth RM30.60mil for the proposed semiconductor manufacturing plant construction at the Ulu Klang Free Trade Zone in Kuala Lumpur.
In a filing with Bursa Malaysia, the electrical engineering service provider said it bagged the contract from an engineering, procurement and construction contractor to undertake the works of a 132 kilovolts power house.
“The company will commence the works contract upon execution of the letter of award and is expected to be completed by July 1, 2025.” He Group said there are no foreseeable significant risks from the contract, other than operational risks associated with the works contract during the project’s duration.
“Barring any unforeseen circumstances, the works contract is expected to contribute positively towards the future earnings of He Group for the duration of the works contract and will not have any effect on the share capital and substantial shareholders’ shareholdings of He Group.”
