Cabnet gets RM23 mil sub-contract job at Bayan Lepas industrial area

TheEdge Tue, Aug 23, 2022 01:41pm - 1 year View Original


KUALA LUMPUR (Aug 23): Cabnet Holdings Bhd has secured a sub-contract worth RM23.2 million in Bayan Lepas, Penang.

In a Bursa Malaysia filing on Tuesday (Aug 23), the company said its unit Cabnet Systems (M) Sdn Bhd had accepted a letter of award as sub-contractor from Unique Arena Sdn Bhd for the Packages F18–Containments for IT & Communication System for a project located at Kawasan Perindustrian Bayan Lepas.

Cabnet said the sub-contract amount is a lump sum fixed price, with fixed rates and not subject to price escalation throughout the duration of the project.

The project will commence immediately and is scheduled for completion on March 13, 2023.

The company said the project is expected to contribute positively to its earnings from financial years ending Feb 28, 2023 to 2024.

At the midday break on Tuesday, Cabnet stood at 25 sen with 22,200 shares traded.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

BURSA 7.450
CABNET 0.285

Comments

Login to comment.