Haily secures two construction deals in Johor Bahru worth over RM80 mil

• With the latest jobs win, Haily’s cumulative secured contracts for the year is estimated to have risen to RM345.52 million.

KUALA LUMPUR (Nov 19): Haily Group Bhd (KL:HAILY) has secured two construction contracts worth a combined RM80.3 million for residential projects in Taman Bestari Perdana, Plentong, Johor Bahru.

In separate bourse filings on Wednesday, the Johor-based construction outfit said its wholly-owned unit Haily Construction Sdn Bhd accepted both Letters of Award from Meridin East Sdn Bhd.

The first contract, valued at RM49 million, covers the construction of 222 double-storey terrace houses, while the second contract, worth RM31.3 million, involves building 146 double-storey terrace houses.

Both contracts are firm-price agreements, with no fluctuation in costs allowed.

Each project carries a defects liability period of 27 months from issuance of the certificate of practical completion.

With the latest jobs win, Haily’s cumulative secured contracts for the year is estimated to have risen to RM345.52 million.

Shares in Haily closed up 0.5 sen or 2.33% at 22 sen on Wednesday, valuing the company at RM93.1 million. Year to date, the counter has fallen by 12%.

Unlock Malaysia’s shifting industrial map. Track where new housing is emerging as talents converge around I4.0 industrial parks across Peninsular Malaysia. Download the Industrial Special Report now.