Pintaras Jaya wins three piling jobs totalling RM80m

KUALA LUMPUR (Sept 11): Pintaras Jaya Bhd has bagged three piling contracts worth a combined RM80 million.

This brings the total new contracts secured to 13, collectively worth RM327 million.

In a bourse filing yesterday, Pintaras said the contracts were secured via its indirect wholly-owned subsidiary in Singapore, Pintary Foundations Pte Ltd.

The projects will commence in October, with contract periods ranging from four months to seven months.

“These contracts are expected to contribute positively to the group’s earnings,” said Pintaras.

Pintaras shares closed four sen or 1.23% higher at RM3.30 yesterday, valuing the company at RM547.35 million.

This article first appeared in The Edge Financial Daily, on Sept 11, 2019.

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