Pintaras Jaya bags RM116m worth of piling contracts

KUALA LUMPUR (March 2): Pintaras Jaya Bhd has secured several piling contracts worth a combined RM116 million, with contract periods spanning between three and eight months between January and April this year.

In a filing today, the group said its wholly-owned Singapore-based subsidiary Pintary Foundations Pte Ltd secured the contracts.

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

The company said none of its directors or substantial shareholders or persons connected to the directors or substantial shareholders have any interest, directly or indirectly, in the contracts.

Pintaras Jaya closed unchanged at RM2.90, giving a market capitalisation of RM481.01 million.

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