KUALA LUMPUR (Dec 10): QCCE And Asas Ulung JV Sdn Bhd (QCCEAUJV), a 70%-owned subsidiary of QC Construction and Engineering Sdn Bhd (QCCE), has received a 10-year contract for the management and maintenance of state roads from the Sarawak government.
QCCE is a wholly-owned subsidiary of Quality Concrete Holdings Bhd (QCHB).
In a filing with Bursa Malaysia yesterday, QCHB said the contract sum was estimated at RM34.639 million per annum commencing from Jan 1, 2020 to Dec 31, 2029.
The remaining 30% stake in QCCEAUJV is owned by Asas Ulung Sdn Bhd.
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