KUALA LUMPUR (March 11): Kejuruteraan Asastera Bhd (KAB) has secured a contract worth RM28.6 million from China Construction Development (Malaysia) Sdn Bhd.
In a bourse filing today, KAB said it will act as subcontractor for design, supply, delivery, installation, testing and commissioning, and maintenance of electrical and extra low voltage services works for Agile Tropicana Development Sdn Bhd on three blocks of serviced apartments in Kuala Lumpur.
The apartments are located at Jalan Bukit Bintang, Jalan Delima and Jalan Jati.
KAB said the contract is from March 11 until Jan 9, 2024.
It said the contract is expected to contribute positively to its earnings for the duration of the project.
At the midday break today, KAB shares were unchanged at 97 sen, valuing the group at RM897.81 million.