PETALING JAYA: Econpile Holdings Bhd
has received a letter of award from WCT OUG Development Sdn Bhd to undertake construction work to two service apartment blocks at Jalan Awan Besar, Kuala Lumpur, worth RM35.1mil.
In a filing with Bursa Malaysia, Econpile said the job will involve bored piling, earthworks, retaining wall and sub-structure works for two 57-storey service apartment blocks comprising 636 units each.
“The project shall be completed within 13 months from Oct 28, 2024. The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2025 onwards.”
Econpile said there are no foreseeable significant risks other than operational risk associated with the project during the contract period.
“The management would put in place control measures and operational procedures to reduce the impact or likelihood of such events,” it said
