Pintaras Jaya secures RM21.5m piling contractBy Gho Chee Yuan / theedgemarkets.com | December 15, 2015 : 6:58 PM MYT
http://www.theedgemarkets.com/my/article/p...piling-contractKUALA LUMPUR (Dec 15): Pintaras Jaya Bhd's (Pintaras Jaya) unit, Pintaras Geotechnics Sdn Bhd, has bagged a piling contract for a service apartment project here, valued at RM21.5 million.
In a filing with Bursa Malaysia, the civil engineering company said it had today received a Letter of Award dated Nov 27, 2015 from City View Ventures Sdn Bhd.
The contract was for the execution and completion of piling works for a proposed service apartment at Jalan Kia Peng, Kuala Lumpur.
"The said works are to commence on tomorrow (Dec 16), with a completion period of 10 months," it added.
Pintaras Jaya expects the contract to contribute positively to its future earnings.
Shares in Pintaras Jaya closed four sen or 1.2% higher at RM3.36 today, for a market capitalisation of RM540.42