Fajarbaru Builder Group Bhd, a Bursa Malaysia Main Market listed investment holding Company which comprises subsidiaries that engage primarily in construction, property development and logging and timber, announced that its wholly-subsidiary, Fajarbaru Builder Sdn Bhd (FBSB) has received a letter of award from Petronas Dagangan Bhd for a contract worth RM12.8 million.
The contract is in respect of The EPCC of Phase 2 Jet-A1 Underground Pipeline Foundation and Associated Works at KLIA2 Q Even Aircraft Parking Bay for KAFS.
A filing with Bursa Malaysia yesterday showed that the contract period is 34 weeks commencing from 16 June 2017. The Contract will have no material effect on the share capital and substantial shareholders’ shareholding of the Company.
In a statement, the Company said: “The award of the Contract is expected to contribute positively to the earnings and net assets of the Company for this financial year.”