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 had on 26 July 2017 received a letter of acceptance from TYL Land & Development Sdn Bhd for a contract worth RM101.3 million.
The contract is in respect of “Remaining Building Works and Related External Works for Proposed Commercial Development.” A filing with Bursa Malaysia today shows that the contract period is 27 calendar months commencing from 28 July 2017.
In a separate filling, FBSB had also on 26 July 2017 received a letter of award from Malaysia Airports (Sepang) Sdn Bhd for a contract worth RM705,000 in respect of the “Proposed Apron Line Marking, Access Road Connection and Associated Works at KLIA Air Cargo Terminal 1, KL International Airport, Sepang, Selangor.”
The contract period is 120 days commencing from 1 August 2017 to 28 November 2017.
In both statements, the Company said: “The award of the both contracts are expected to contribute positively to the earnings and net assets of the Company for the financial year ending 30 June 2018 onwards.”