PETALING JAYA: KTI Landmark Bhd has accepted a letter of award from Jawat Johan Sdn Bhd for a sub-contract of works for the Labuan Air Base RKAT construction project, worth RM49.99mil.
In a filing with Bursa Malaysia, the Sabah-based integrated property developer said the tenure of the contract is 14 months from Nov 25, 2024 to Jan 25, 2026.
“With this new award, the total contract sum secured for the year 2024 now amounts to approximately RM214.37mil,” it said.
KTI said the letter of award is expected to contribute positively to the revenue and earnings of the group for the financial years during the contract period.
“The board of directors of the company is of the opinion that it is in the best interest of the company.”
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