KUALA LUMPUR (Aug 14): Vertice Bhd’s wholly-owned unit Vertice Construction Sdn Bhd has bagged two contracts worth a combined RM22 million for works on the Mass Rapid Transit Sungai Buloh–Serdang–Putrajaya (SSP) Line, also known as MRT2.
In a filing yesterday, the group said the two contracts were awarded by Tri-Arch Sdn Bhd and TA Decke Sdn Bhd.
The contract from Tri-Arch is worth RM12 million and is in respect to the supply and installation of a roofing system, whereas the contract from TA Decke is worth RM10 million and pertains to the supply and installation of aluminium box fin and cladding works.
The contracts shall commence on Aug 16 and are expected to be completed within 12 months from the date of commencement, it said.
It added that the contract will further increase and enhance the existing order book and contribute positively to the earnings and net assets of the group, for the coming financial years.
At Bursa Malaysia, Vertice shares ended yesterday 0.5 sen or 0.56% higher at 89 sen, bringing a market capitalisation of RM168 million.