corporate

PTT Synergy's unit bags RM299mil jobs to construct Jambatan Palekbang-Kota Bharu, connecting roads

KUALA LUMPUR: PTT Synergy Group Bhd's wholly-owned unit, Pembinaan Tetap Teguh Sdn Bhd has won RM299 million jobs to buil Jambatan Palekbang-Kota Bharu and Connecting Roads at Jajahan Tumpat and Jajahan Kota Bharu, Kelantan.

The project is for for East Coast Economic Region Development Council.

In a filing with Bursa Malaysia Securities Bhd, the company said the project will start on March 25, 2024 and completed by Sept 15, 2026.

"The LOA is expected to contribute positively to PTT Group's future earnings over the duration of the LOA.

The company's share price closed unchanged at RM1.23 a share, giving it a market capitalisation of RM225.3 million..

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