KUALA LUMPUR: Haily Group Bhd
’s wholly-owned unit, Haily Construction Sdn Bhd, has secured a RM50.08mil subcontract from Mandy Corporation Sdn Bhd, a subsidiary of Gadang Holdings Bhd.
In a statement, Haily said the contract is for the construction and completion of a residential project in Gelang Patah, Johor, comprising 91 double-storey terrace houses, 45 double-storey terrace houses, and a Tenaga Nasional Bhd substation.
The works cover main building and external works along with mechanical and electrical (M&E) services. The project, Laman Citra Phase 3, is slated for completion within 20 months.
“This contract demonstrates confidence in our ability to deliver high-quality residential developments on time and to specification.
“We are proud to continue strengthening our track record in Johor, and this project aligns with our strategy to support the state’s growing demand for quality housing,” founder and executive director See Tin Hai said.
With this latest win, Haily’s total secured contract value for 2025 has increased to approximately RM68.11mil. The company’s portfolio now includes 25 ongoing projects with a cumulative contract value of approximately RM1.05bil.
The RM50.08mil subcontract is expected to contribute positively to Haily’s earnings for the financial years ending 2025 to 2027.
