Pintaras Jaya bags RM24.5 mil contract

KUALA LUMPUR (Oct 5): Pintaras Jaya Bhd's wholly-owned subsidiary Pintaras Geotechnics Sdn Bhd has received a contract worth RM24.5 million from Metbuild Sdn Bhd for a proposed construction project.

According to the letter of award, the contract is for the design, supply and construction of earth works, ancillary works, bored piling works, contiguous bored pile and capping beam works for a proposed mixed development project at Bandar Baru Sri Petaling.

"The said works will begin immediately and is expected to complete in 10 months," Pintaras Jaya said in its bourse filing, adding the contract should "contribute positively" to the group's future earnings.

Pintaras Jaya is engaged in the construction and manufacturing businesses, with its primary subsidiary Pintaras Geotechnics specialising in foundations and piling systems.

Pintaras Jaya shares closed unchanged at RM3.50 with a market capitalisation of RM572.39 million. — theedgemarkets.com

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