KUALA LUMPUR (Sept 14): Automated waste collection company AWC Bhd said its wholly owned subsidiary Qudotech Sdn Bhd has been awarded a subcontract for the provision of plumbing works for the 8 Conlay project developed by Damai City Sdn Bhd.
In a filing with the bourse, AWC said the subcontract, worth RM32.6 million, is expected to be completed in phases, from May 14, 2019, until May 31, 2021.
The letter of award dated Aug 30, 2017, was received and accepted by Qudotech today.
The 8 Conlay project, which commenced in July 2017, comprises the Lifestyle Retail Quarters (Phase 1), two towers of serviced residences (Phases 2 and 3) and a tower comprising a hotel and hotel residences (Phases 4A and 4B).
"The subcontract is expected to contribute positively to the earnings of the AWC Group over the duration of the subcontract," it said.
AWC shares fell 1 sen or 1% to 98.5 sen today, giving it a market capitalisation of RM260.03 million.