Wednesday 24 Apr 2024
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KUALA LUMPUR (Jan 23): Cabnet Holdings Bhd has won a RM7 million contract to supply and maintain security systems at a commercial building in Johor Bahru.

The contract was awarded to its wholly-owned subsidiary Cabnet Systems (M) Sdn Bhd by Potensi Hijau Sdn Bhd, the group said in a filing with Bursa Malaysia.

Cabnet said the contract involves the supply, installation, testing, commissioning and maintenance of SMATV system, CCTV system, lift access system, door access system, vehicle access system, intercom system and FTTH system for the building developed by Trident Success Sdn Bhd.

It said the contract will commence on Feb 1, 2018, and is scheduled to be completed by Jan 1, 2021.

"The contract is expected to contribute positively to the group's earnings and net assets per share from financial years ending Dec 31, 2018 to 2020, i.e. the duration of the contract assuming no material delay in the timing," Cabnet said.

 

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