PETALING JAYA: Citaglobal Bhd
’s wholly-owned subsidiary Citaglobal Land Sdn Bhd has accepted two letters of awards from Jeffa Energy (S) Sdn Bhd and Soonlilee Construction Sdn Bhd respectively, for works amounting to RM29.85mil and RM6.28mil each.
In a statement, Citaglobal said the sub-contract awards have a duration of 16 months each.
The first letter of award from Jeffa Energy was for the construction and completion of station works for the development of the Kuching Urban Transportation system (KUTS).
The second letter of award from Soonlilee, was for four station steel structure material purchases for the phase one development of KUTS projects.”
The contracts are expected to contribute positively to the earnings and net assets per share of the company for the financial years ending Dec 31, 2025 and 2026.
