This article first appeared in The Edge Financial Daily on March 26, 2019

KUALA LUMPUR: AWC Bhd announced yesterday it had won the tender from Jabatan Kerja Raya (JKR) to manage Bangunan JB Sentral’s facilities for five years for RM35.1 million.

Under the deal, it will provide housekeeping services for all the blocks occupied by Bangunan JB Sentral in Johor Baru, Johor, from April 1 this year to March 31, 2024. It said its wholly-owned Ambang Wira Sdn Bhd accepted and returned yesterday the government’s Letter for Acceptance of Tender, dated March 22.

“These terms are to be embodied in a formal contract to be executed between both parties imminently. In the meantime, the tender submitted and the Letter for Acceptance of Tender by the government are binding on both parties,” AWC said.

AWC said the new job is in addition to maintenance works by AWC under the concession from the federal government for the Southern Zone (Johor, Malacca and Negeri Sembilan) and Sarawak, from Jan 1, 2016 to Dec 31, 2025.

AWC shares slid 1.5 sen or 1.9% to 77.5 sen yesterday, valuing it at RM220.57 million. Year to date, it has risen over 12%.