Konsortium Transnasional bags RM41 mil works contract for PR1MA Pahang project

• The contract will commence on Dec 1 and is expected to have a positive contribution to the group from the financial year Dec 31, 2023 onwards.

KUALA LUMPUR (Sept 23): Konsortium Transnasional Bhd (KTB) has bagged a RM41.01 million contract for earthworks and building, internal and major infrastructure works for a Perumahan Rakyat 1Malaysia (PR1MA) Pahang mixed development in Lipis, Pahang.

According to its bourse filing on Friday, KTB’s wholly owned subsidiary Transnational Builder Sdn Bhd received a Letter of Award from Living Stones Development Sdn Bhd for a two-year contract to work on the project, which comprises 162 single-storey semi-detached houses, 103 single-storey terrace houses, and 11 two-storey shophouses on 34 acres of government land.

The contract will commence on Dec 1 and is expected to have a positive contribution to the group from the financial year Dec 31, 2023 onwards.

KTB’s share price finished unchanged at 20 sen, giving the group a market capitalisation of RM94 million.