KUALA LUMPUR (Sept 22): Konsortium Transnasional Bhd’s (KTB) unit has secured a building work contract worth RM109.61 million for an apartment project in Hulu Kinta, Perak. In a filing to Bursa Malaysia on Thursday (Sept 22), the company said its wholly owned subsidiary Transnational Builder Sdn Bhd won the piling work, earthworks and building work from Maju Teluk Batik Sdn Bhd. The scope of works comprise piling work, earthworks and building work for apartment blocks B and C, and two carparks of a mixed development at Hulu Kinta, Perak. The contract is expected to contribute positively to the earnings per share, net assets per share and gearing of the KTB group for the financial year ending Dec 31, 2023 and onwards, the group said in the filing. Shares of KTB closed unchanged at 20 sen a share, giving it a market capitalisation of RM91.61 million.

Source: The Edge Markets September 22, 2022 23:16 UTC