Konsortium Transnasional secures RM26.45m building contract in Perak
KUALA LUMPUR (Dec 10): Konsortium Transnasional Bhd (KTB) has secured a RM26.45 million contract to build 59 units of shophouses in Perak from United Allied Development Sdn Bhd.
In a bourse filing, KTB said the contract, secured via its wholly-owned unit Transnational Builder Sdn Bhd, involves piling, building works, internal and external infrastructure works for the shophouses at PT10687, Mukim of Bidor, Daerah Batang Padang.
The contract period is 24 months from Dec 9, 2021 to Dec 8, 2023 according to the bus operator.
KTB expects the contract to contribute positively to the earnings for the financial year ending Dec 31, 2021 (FY21) and onwards.
KTB shares slipped 0.5 sen or 2.56% to close at 19 sen on Thursday (Dec 9), giving the bus operator a market capitalisation of RM76.53 million.
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