Gamuda gets first package worth over RM8 bil of Penang LRT project
Once the notice to proceed is issued, Gamuda will have six years to complete the contract.
Once the notice to proceed is issued, Gamuda will have six years to complete the contract.
The latest winding-up petition was filed by Negeri Sembilan Cement Industries Sdn Bhd (NSCI) against Ho Hup and its 90%-owned subsidiary, Tru-Mix Concrete Sdn Bhd.
That means Gamuda should be valued at RM8.
Annum had also previously had trouble issuing its annual report for the financial period ended June 30, 2023 (FY2023) that was initially due on Oct 31, 2023.
In tandem with the third phase of Senai Airport City’s industrial development expansion measuring some 300 acres, NISB has been appointed as the contractor for earthworks to provide investors with industrial plots ready with platform and corresponding infrastructure.
For now, Kerjaya has outstanding jobs on hand worth RM4.
The group also plans to export the technology outside Malaysia.
The project is slated to be completed within 20 months, starting from the commencement date on Feb 3.
Kerjaya Prospek said the scope of the project, clinched through its wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd, includes the construction of 360 units of three-storey terrace houses, alongside a clubhouse, landscaping works, and other related infrastructure.
Relationships with key clients Exsim Development Sdn Bhd, Platinum Victory Sdn Bhd and Maxim Global Bhd, which stretches over five years, could yield potential contracts worth some RM4.