PETALING JAYA: Pekat Group Bhd
’s sub-subsidiary Pekat E&LP Sdn Bhd has secured an award from Gamuda Engineering Sdn Bhd for the construction of earthing and lightning protection systems in Rawang, Selangor for RM21.79mil.
In a filing with Bursa Malaysia, the group said the contract commenced on July 1, 2024. The trade completion data will be on Sept 30, 2025 and the main contract substantial completion date will be on Feb 27, 2026.
Pekat pointed out that the contract would not have any effect on the issued share capital and shareholding structure of the company.
“The board is of the opinion that the contract secured is not expected to have any material effect on Pekat group’s net assets per share for the financial year ending Dec 31, 2024 (FY24).
“The contract secured is expected to contribute positively to the Pekat group’s earnings for the FY24 onwards until the completion of the contract,” it said.
