KUALA LUMPUR: PTT Synergy Group Bhd
’s wholly-owned subsidiary, Pembinaan Tetap Teguh Sdn Bhd (PTTSB), has secured a combined RM106.1mil worth of construction contracts from Sime Darby Property (Lagong) Sdn Bhd and Prolintas Expressway Sdn Bhd.
In a filing with Bursa Malaysia, the group said PTTSB accepted two letters of award (LOAs) from Sime Darby Property on Oct 17, 2025, and one LOA from Prolintas Expressway on Oct 3, 2025.
The Sime Darby Property contracts involve the construction and completion of earthwork, pond, retaining walls, drainage and associated works for Phase 4C of Elmina Business Park 2 in Rawang, Selangor. The projects, valued at RM33.36mil and RM14.29mil, are scheduled for completion by April 21, 2027.
The third contract, worth RM58.45mil, was awarded by Prolintas Expressway for the construction of the Strathairlie Interchange at Guthrie Corridor Expressway. The project is scheduled for completion by Jan 14, 2027.
“The acceptance of the LOAs is in the ordinary course of business of PTTSB. Further, they are also carried out at arm’s length and based on commercial terms which are not more favourable than those available to the general public,” PTT Synergy said.
The new contracts are expected to contribute positively to the group’s earnings over the duration of the projects.
