PETALING JAYA: Varia Bhd
has secured a RM571.8mil contract from the Social Security Organisation (Socso) to build a rehabilitation centre at Setiu, Terengganu.
Varia’s wholly-owned subsidiary, Pembinaan Teguh Maju Sdn Bhd, received the letter of acceptance yesterday for the 30-month contract, commencing from Oct 29, 2024 until April 28, 2027.
Managing director Datuk Lau Beng Sin said the new project provides Varia with an opportunity to replicate its past track record from building a rehabilitation centre in Perak.
“This construction contract is expected to contribute positively to the future financial performance of Varia over the next two to three financial years,” said Lau in a statement
With the inclusion of the new project, Varia’s order book value has increased to RM3.08bil.
