KUALA LUMPUR: KJTS Group Bhd
's Thailand subsidiary KJTN Engineering Co Ltd has undertaken to provide retrofit work, operation and maintenance services for the chiller plant and supply chilled water at Centara Grand Mirage Beach Resort Pattaya in Thailand.
In a filing with Bursa Malaysia, the group said the 20-year agreement with hotel owner, Central Plaza Hotel Public Company Limited, has a fixed fee of THB148.82mil (RM18.78mil).
As per the agreement, Central Plaza Hotel will pay KJTN a fixed monthly fee of THB620,072 (RM78,320) during the operations and maintenance service period from June 1, 2025, to May 31, 2045, as well as a monthly variable fee based on the chilled water supplied during the same period.
KJTN has agreed to finance the retrofit works, which amounts to THB38.98mil (RM4.92mil).
