Econpile (M) Sdn Bhd bags RM20.3 mil contract from Ahmad Zaki Resource Bhd

Econpile (M) Sdn Bhd bags RM20.3 mil contract from Ahmad Zaki Resource Bhd

KUALA LUMPUR, Jan 4 — Econpile Holdings Bhd’s wholly-owned unit, Econpile (M) Sdn Bhd (EMSB), has received a letter of acceptance from Ahmad Zaki Sdn Bhd to undertake piling and sub-structure works worth RM20.3 million.

In a filing to Bursa Malaysia today, Econpile said, the contract comprised bored sheet piling, earthworks and sub-structure works for a mixed commercial and residential development in Kampung Bharu, Kuala Lumpur.

It said the duration of the contract was approximately eight months and was expected to complete in July 2016.

“The contract is the mainstream business of EMSB and is expected to contribute positively to the revenue and earnings of Econpile for the financial year ending June 30, 2016,” it said.

— BERNAMA

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