Pintaras Jaya gets additional piling project in Singapore for RM91m

KUALA LUMPUR (Aug 17): Pintaras Jaya Bhd’s unit has secured a piling contract in Singapore worth RM91 million (S$30 million).

The award was given to the group’s wholly-owned unit in Singapore, Pintary International Pte Ltd, the group said in a filing yesterday.

The group had earlier announced on July 31 that it had secured nine piling contracts collectively worth RM156 million since April.

“This brings the total cumulative contracts newly secured to 10, collectively worth RM247 million,” it said yesterday.

The latest project is to commence in October for nine months, and is expected to contribute positively to the group's earnings.

Pintaras Jaya’s share price closed down two sen or 0.74% at RM2.68 yesterday, for a market capitalisation of RM444.52 million.

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