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WZ Satu bags RM121m construction job for Kedah Rubber City

TheEdge Mon, Nov 25, 2019 07:02pm - 8 months ago

KUALA LUMPUR (Nov 25): WZ Satu Bhd has bagged a RM121.5 million contract related to earthworks and infrastructure works for Kedah Rubber City (KRC) Phase 1 (Package 1) in Padang Terap, Kedah for the Northern Corridor Implementation Authority.

In a bourse filing today, the group said its wholly-owned subsidiary WZS BinaRaya Sdn Bhd has accepted the award for the construction of earthworks and infrastructure works for KRC Phase 1 (Package 1).

The project is slated to commence on Dec 2 and to be completed by Dec 2, 2021.

“WZS BinaRaya’s scope of works covers the earthworks, infrastructure works, reservoir tank, bridge works and street lighting services,” it said.

“The award is expected to contribute positively to the future earnings and net assets per share of the group for the financial years ending Aug 31, 2020 to 2022,” it added.

WZ Satu shares closed up 0.5 sen or 2.38% at 21.5 sen today, giving it a market capitalisation of RM110.01 million.

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