KUALA LUMPUR (Sept 29): Gadang Holdings Bhd has secured a RM188.8 million contract from the Public Works Department (JKR) to design and build the National Forensic Medicine Institute (Institut Perubatan Forensik Negara) at Hospital Kuala Lumpur.
In a bourse filing on Thursday, Gadang said its wholly owned Gadang Engineering (M) Sdn Bhd has received and accepted a letter of acceptance from JKR for the contract.
The contract shall commence upon site possession on Oct 12 this year and be completed by Oct 6, 2026.
“The contract is expected to contribute positively to the earnings of Gadang and its group of companies for the duration of the contract,” it said.
Gadang is principally involved in civil engineering and construction, property development, water supply and mechanical and electrical engineering services.
Gadang shares closed 1½ sen or 5% lower at 28.5 sen on Thursday, giving the group a market capitalisation of RM207.5 million.
Source: TheEdge - 30 Sep 2022
