KUALA LUMPUR (Nov 10): Minetech Resources Bhd's associate company, Konsep Khas Sdn Bhd, has bagged a subcontract worth RM15.04 million from KH Communication Sdn Bhd to supply and instal traffic signs and overhead signboards for Phase 1 of the Pan Borneo Highway project in Sarawak.

Phase 1 of the project involves the Serian, Sri Aman, Bintulu and Miri stretches, Minetech said in a stock exchange filing today. The one-year project's effective start date was Nov 2, and shall be completed by Nov 1, 2021.

Minetech expects the project to contribute positively to its earnings and net assets for the financial year ending March 31, 2021.

Minetech shares settled unchanged at 19 sen today, giving it a market capitalisation of RM221.47 million.