Haily secures RM40.67m construction contract in Johor

Haily secures RM40.67m construction contract in Johor
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KUALA LUMPUR (Dec 20): Haily Group Bhd has secured a RM40.67 million contract to build three-storey shop offices in Johor Bahru, Johor.

In a filing Monday (Dec 20), Haily said the project, located in Bandar Jaya Putra, Mukim Tebrau, was secured by its wholly-owned Haily Construction Sdn Bhd, which has accepted a letter of award (LoA) from RDC Arkitek Sdn Bhd on behalf of Austin Senibong Development Sdn Bhd to build 99 units of such shop offices, together with several power substations.

Haily said the project will start on a date to be confirmed in writing by the architects within three months from the date of the LoA, and that the shop offices will be completed within 20 months from the project's commencement.

Haily shares slipped half a sen or 1.1% to close at 45 sen, giving the construction company a market capitalisation of RM79.37 million.

Tan Choe Choe