KUALA LUMPUR (Oct 8): Econpile Holdings Bhd’s unit has been awarded a contract worth RM20.8 million to undertake works for a proposed commercial development in Subang Jaya.
In an exchange filing today, Econpile said the contract is for earthworks, soil nailing works, piling and pilecap, as well as basement lowest floor slab works for the development, which comprises a commercial block with serviced apartments and small office/home office (SoHo), a seven-storey podium block and retail space.
The contract, which was awarded to its wholly-owned subsidiary Econpile (M) Sdn Bhd today by Tropicana Metropark Sdn Bhd, is for a duration of 12 months.
Econpile expects the contract to contribute positively to its revenue and earnings for the financial year ending June 30, 2020.
Shares of Econpile closed one sen lower at 72 sen today, bringing a market capitalisation of RM963 million.
TOP PICKS BY EDGEPROP
D'Ambience Residences (Ikatan Flora), Bandar Baru Permas Jaya
Permas Jaya/Senibong, Johor
Centra Residences @ Nasa City
Johor Bahru, Johor
Jalan Ceria 15
Iskandar Puteri (Nusajaya), Johor
Bangunan Duta Impian (The Embassy Suites)
Johor Bahru, Johor
Maxim Citylights @ Sentul KL
Sentul, Kuala Lumpur