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The group's wholly-owned unit, Sunway Construction Sdn Bhd, received the letter of award from Gopeng Bhd's subsidiary GBS Suria Sdn Bhd, said SunCon in a bourse filing.

K Seng Seng also announced the re-designation of Lee Hai Peng as executive director from independent non-executive director.

The construction specialist said its wholly-owned unit Haily Construction Sdn Bhd accepted the letter of award from RDC Arkitek Sdn Bhd.

As at Nov 30, 2022, AZRB said discussions were still ongoing and as such, AZSB did not make payment that was due.

Post election, it noted, there are uncertainties over the timing of mega infrastructure rerating catalysts.

If found guilty, the duo could face imprisonment of between six months and five years, with whipping, and are also liable to a fine.

SunCon said that barring any unforeseen circumstances, the contract is expected to contribute positively to the group's earnings for the financial year ending Dec 31, 2023 onwards.

"The group expects some uncertainties in its financial performance owing to Covid-19-related issues and fluctuations in building material prices in the short term, especially as a result of the recent Russia-Ukraine war.

The agreement sets out the framework for negotiations and discussions between the parties to establish the detailed terms and conditions about the contractor's performance in design, engineering, procurement, manufacture, supply, construction, erection, testing and commissioning of the electric generation facility.

“By the year 2030, the sector is expected to achieve digitalisation in at least half of its cycle.