KUALA LUMPUR: Exsim Hospitality Bhd’s wholly-owned subsidiary, Exsim Concepto Sdn Bhd, has secured two contracts worth a total of RM16mil.
In a statement, Exsim said the first contract, valued at RM13mil was awarded by Taghill Projects Sdn Bhd. The contract is for interior design works for common areas and unit carpentry works for a 42-storey serviced apartment development in Bukit Jalil, Kuala Lumpur.
Exsim said the contract works would begin immediately with completion expected in early 2026.
The second contract, worth RM3mil, was awarded by Exsim Waterfront Sdn Bhd. It covers renovation works for a sales gallery and show units at MBF Tower, Penang. The project is set to start immediately and is expected to be completed by the end of April 2025.
Exsim said both contracts, awarded today, would boost the company’s order book, which previously stood at RM112.08mil as of Dec 31, 2024.
It is expected to contribute positively to the company’s financial performance throughout the duration of the contracts.
“Our latest contract signings today further build on from our strategy in the short to immediate term which has already begun contributing to our positive financial results in the most recent quarter.
“The contract works are immediately commenceable and this will provide us with additional and immediate revenue stream as we continue to grow our fit-out business,” managing director Tan Hai Liang said.
