Kuala Lumpur, May 23 – Fajarbaru Builder Group Berhad, a Bursa Malaysia Main Market listed company involved in construction, property development, logging & timber businesses, has announced that its wholly-owned subsidiary, Fajarbaru Builder Sdn Bhd has today accepted a Letter of Acceptance from Pos Aviation Sdn Bhd.
The contract involves the Proposed Renovation and Refurbishment of Tenancy Area at KLIA Air Cargo Terminal 1. The contract value stands at RM29.5 million and is for a period of Thirty-Two (32) weeks commencing from 22 May 2017 to 29 December 2017.
In a statement on Bursa Malaysia, the Company says the contract is expected to contribute positively to the earnings and net assets of Fajarbaru for the financial year ending 30 June 2017 and 30 June 2018.