KUALA LUMPUR: Rohas Tecnic Bhd (RTB) has bagged a construction contract worth RM199.84 million from Malaysia Rapid Transit System Sdn Bhd (MRTS) for the construction and completion of Bukit Chagar's facade for the Rapid Transit System Link Johor Bahru – Singapore Project (RTS Link Project - Package 8).
In a filing with Bursa Malaysia yesterday, RTB said the Rohas-Euco Industries Bhd-Sediabena Builders Sdn Bhd Consortium (consortium) signed the letter of acceptance issued by MRTS on Jan 8.
The consortium comprises of Rohas-Euco Industries Bhd (REI), a wholly-owned subsidiary of the Rohas Tecnic, and Sediabena Builders Sdn Bhd (SBSB).
REI and SBSB, which are both involved in the design and fabrication of steel structures, will be entering into a joint venture agreement.
Under the terms of the joint venture agreement, REI will hold 70 per cent equity in the company and SBSB the remaining 30 per cent, said Rohas Tecnic.
The RTS Link Project – Package 8 is expected to be completed by May 31, 2025 and contribute positively to its earnings for the financial years ending December 31, 2024 and December 31, 2025.
For the third quarter ended Sept 30, 2023, Rohas Tecnic's net profit declined to RM2.02 million from RM8.24 million in the previous corresponding period as revenue fell to RM87.54 milion from RM96.58 million previously.