KUALA LUMPUR (July 26): Pasukhas Group Bhd has clinched an RM11.34 million sub-contract from Salcon Engineering Bhd for the execution and completion of electrical works including cabling, earthing, external lighting and equipment installation for Water Treatment Plant Telibong II, Tamparuli in Sabah.
In a Bursa Malaysia filing on Tuesday (July 26), Pasukhas announced that its wholly-owned subsidiary Pasukhas Sdn Bhd (PSB) has accepted a letter of confirmation of award (LCA) from Salcon Engineering for the sub-contract works, which shall be completed within five months.
“The LCA is in line with the company’s expansion of business and strategy to increase the company’s revenue,” it said.
Pasukhas’ share price settled 33% or half a sen higher at two sen, bringing a market capitalisation of RM38.1 million.
Source: TheEdge - 27 Jul 2022
