AWC lands RM24.4 mil job to maintain Palace of Justice
KUALA LUMPUR (Sept 19): AWC Bhd has secured a RM24.38 million contract to maintain the Palace of Justice in Putrajaya, which houses the Federal Court and Court of Appeal.
AWC said the facility management contract, awarded to its wholly-owned unit Ambang Wira Sdn Bhd by the Public Works Department, is valid for five years until September 2022.
The asset and facilities management firm said the contract is an extension of its involvement in the commercial and healthcare segments.
“This is in addition to the maintenance works undertaken by AWC under the concession from the federal government for the Southern Zone (Johor, Melaka and Negeri Sembilan) and Sarawak, for a 10-year period from Jan 1, 2016,” AWC added in a filing today.
“The securing of the contract further enhances the facilities division and indeed AWC’s overall existing orderbook,” it added.
Listed on the Main Market, shares in AWC rose 6 sen or 6% to close at RM1.06 today, giving it a market capitalisation of RM283.35 million.
Year-to-date, Bloomberg data showed that the stock has gained 12.17%. — theedgemarkets.com
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