KUALA LUMPUR: Gadang Holdings Bhd's subsidiary, Gadang Engineering (M) Sdn Bhd (GESB), has clinched a RM100.34 million subcontract works for Central Spine Road Package II from Binary Vista Sdn Bhd.
In an exchange filing today, the company said GESB would be the subcontractor to undertake demolition, site clearance, earthwork and access bridge to Kuala Berang, Terengganu.
The subcontract could contribute positively to the earnings and net assets of Gadang for the financial year ending May 31, 2022, and onwards, during the duration of the subcontract.
"The risks factors affecting the subcontract comprise mainly the normal operational and execution risks which the group would take appropriate measures to address them," it added.