PTT Synergy bags RM53.29mil contract from Sime Darby Property

PETALING JAYA: PTT Synergy Group Bhd has accepted a letter of award (LoA) worth RM53.29mil from Sime Darby Property Bhd to conduct construction works in Gombak, Selangor.

In a filing with Bursa Malaysia, PTT said the contract will entail the construction and completion of earthworks, retaining wall, main drain, detention pond and other associated works for Phase 4A (Package 1) in Elmina Business Park 2.

The company said the construction works shall commence on Nov 13, 2023 and will be completed by May 12, 2025.

"The LoA is expected to contribute positively to PTT Group's future earnings over the duration of the LOA."