Ho Hup bags RM58 mil West Coast Expressway subcontract

KUALA LUMPUR (May 4): Ho Hup Construction Co Bhd has won a RM58 million subcontract to undertake structures and bridge works in Perak, which are part of the West Coast Expressway.

In a bourse filing, Ho Hup said the job was awarded by Menuju Asas Sdn Bhd, the main contractor of the Malaysian Public Works Department. The subcontract is for a duration of approximately 24 months, commencing May 9, 2016.

“Under the scope of work, Ho Hup shall be responsible for all temporary works, piling works, substructure, superstructure and miscellaneous works related to the bridges,” said the company.

It expects the subcontract to contribute positively to its earnings for the financial years ending Dec 31, 2016, 2017 and 2018.

Ho Hup fell three sen or 3.45% to 84 sen yesterday, giving it a market capitalisation of RM292.59 million.

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This article first appeared in The Edge Financial Daily, on May 4, 2016. Subscribe to The Edge Financial Daily here.