Ikhmas Jaya secures job worth RM37.74 mil

KUALA LUMPUR (Jan 5): Ikhmas Jaya Group Bhd has been appointed to undertake the piling and substructure work for a commercial building in Damansara, Selangor, valued at RM37.74 million.

In a filing with Bursa Malaysia yesterday, the company said its unit Ikhmas Jaya Sdn Bhd had agreed and accepted the terms and conditions of the letter of award from Symphony Crescent Sdn Bhd.

Under the contract, Ikhmas Jaya is tasked to complete the piling and substructure work for two blocks of commercial buildings, which commenced yesterday and is to be completed by April 16 next year.

According to the filing, Block A is a 42-storey tower, of which 34 floors are small office, home office with a total of 626 units, one storey of fitness and other facilities, six levels of parking lots and one storey of general facilities and affordable shoplots.

Block B comprises retail space, trash and garbage collection.

“The project is expected to contribute positively to our earnings and net assets for the financial year ending Dec 31, 2017,” it added.

This article first appeared in The Edge Financial Daily, on Jan 5, 2017. Subscribe to The Edge Financial Daily here.