KUALA LUMPUR: Fajarbaru Builder Group Bhd’s (FBG) wholly owned subsidiary, Fajarbaru Builder Sdn Bhd (FBSB), has bagged a development project in Ulu Langat, Selangor from TYL Land & Development Sdn Bhd worth RM101.3 million.
In a filing to Bursa Malaysia today, the company said the contract involves the completion of the remaining buildings and related external works for a proposed development of a 26-storey tower block, a 15-storey tower block, two-storey of 48 units of shops, two-storey of 24 units of offices and general facilities in Semenyih, among others.
It said the contract period is for 27 months from the date of commencement.
The contract is expected to contribute positively to the earnings and net assets of the FBG Group for the financial years ending June 30, 2018, 2019 and 2020, it said.
Besides that, FBSB has also accepted a letter of award for the proposed apron line marking, access road connection and associated works at KLIA Air Cargo Terminal 1 from Malaysia Airports (Sepang) Sdn Bhd worth RM705,000.
It said the contract period is for 120 days commencing from Aug 1, 2017 to Nov 28, 2017.
The contract is expected to contribute positively to the earnings and net assets of the FBG Group for the financial year ending June 30, 2018.