Monday 20 May 2024
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KUALA LUMPUR (March 1): Fajarbaru Builder Group Bhd (FBG) said its wholly-owned unit has been appointed to redevelop the low-cost carrier terminal (LCCT) at the Kuala Lumpur International Airport in Sepang.

Fajarbaru Builder Sdn Bhd received the RM11.68 million contract, excluding goods and services tax, from Malaysia Airports (Sepang) Sdn Bhd, FBG said in a filing with Bursa Malaysia.

FBG said the proposed redevelopment will run for eight months from March 14 to Nov 13 this year.

"The contract will have no material effect on the share capital and substantial shareholders' shareholding of FBG. It is expected to contribute positively to the earnings and net assets of the FBG group for the financial years ending June 30, 2016 and 2017," it said.

FBG shares closed half a sen or 0.93% lower at 53 sen each for a market capitalisation of RM177.59 million.

 

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