News

Gabungan AQRS wins RM83.57mil job

JAN 26, 2021, The Star
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KUALA LUMPUR (Bernama) -- Gabungan AQRS Bhd’s (GBGAQRS) wholly-owned subsidiary, Gabungan Strategik Sdn Bhd (GSSB) has accepted a letter of award (LOA) to undertake construction works worth RM45.7 million from Teringin Sentral Sdn Bhd.

The company had also won a similar contract from Solitaire Suites Sdn Bhd worth RM37.87 million.

In its filing with Bursa Malaysia, it said both contracts entail the provision of works, including main building piling, structural, architectural finishes, mechanical and electrical services, landscaping and local infrastructure works.

The construction works under the contract with Teringin Sentral will be executed over a period of 30 months from the date of commencement, while works under the contract with Solitaire Suites will commence on May 1, 2021, and is expected to be completed by Oct 31, 2023, said GBGAQRS.

Both contracts are expected to contribute positively to the future earnings and net assets per share of GBGAQRS Group for the duration of the contracts, it said.