KJTS Group wins contract worth RM24mil


PETALING JAYA: KJTS Group Bhd has accepted a letter of award from Sunway Engie DC Sdn Bhd for maintenance of air-conditioning and mechanical ventilation pipework for a data centre in Sedenak Tech Park, Johor, worth RM23.75mil.

In a filing with Bursa Malaysia, KJTS said the contract will involve design, planning, supply, delivery, installation, testing and commissioning, warranty and comprehensive maintenance.

“The sub-contract works shall commenced from July 26, 2024 and is expected to be completed on Oct 31, 2025,” it said.

KJTS said it does not foresee any exceptional risk other than the normal operational risks associated with the sub-contract, which are within the ordinary course of business of the group.

The sub-contract will not have any effect on the share capital and substantial shareholders’ shareholding of KJTS and its subsidiaries.

“However, the sub-contract is expected to contribute positively towards the earnings and net assets of KJTS until the expiration of the sub-contract.”

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

Next In Business News

Awanbiru secures one-year extension to provide Google cloud services to govt
Taiwan's Linco Technology acquires Senai Airport City land
Peterlabs acquires land in Negeri Sembilan for RM7.4mil
Value Partners board changes
Ringgit closes lower on continuous demand for greenback
EPIC wins major contract from PETRONAS, stays committed to developing O&G business
Indonesia's Dec inflation at 1.57% y/y, as expected
China stocks slump on first trading day of 2025, weakest start since 2016
FBM KLCI ends first trading day of 2025 in the red
Ecobuilt tumbles 28% amid suspension risk over annual report delay

Others Also Read