Epicon wins RM89mil Perak building contract


PETALING JAYA: Epicon Bhd has secured a contract worth RM89.1mil for a housing project in Sungai Terap in Kinta, Perak, via its wholly owned subsidiary, Transnational Builder Sdn Bhd, effectively raising the group’s outstanding order book to RM929mil.

In a filing with Bursa Malaysia, the company, formerly known as Konsortium Transnasional Bhd, said the letter of award from Syarikat Majuperak Bhd was for the main building works of 601 units of single-storey terrace houses and four units of electrical substations under a Rumah Perakku development.

“Upon the awarding of this new contract, the company’s total outstanding order book has risen to RM929mil from the previously stated RM840mil in the announcement made on March 18, 2024,” Epicon said.

The company disclosed that the contract was for a period of 30 months commencing on March 27 this year. It is scheduled for completion on Sept 26, 2026.

“The contract will not have any effect on the issued share capital of Epicon and on the substantial shareholder’s shareholdings of Epicon,” the group said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

HR challenges in strata property
It looks terrific for terraced houses
Beware the tax
Ringgit to see tight trading amid cautious mode next week
PM Anwar: RM1.24bil potential export to Peru generated
Strained by lack of positive catalysts
Bank Negara allows MDBs and DFIs to issue ringgit bonds
Robust economy to boost banking
Schooling kids on money use
Don’t delay merger control, empower MyCC as the sole regulator

Others Also Read