Ho Hup Construction Company Bhd JV bags RM57.77 million sub-contract for civil construction works

Ho Hup Construction Company Bhd JV bags RM57.77 million sub-contract for civil construction works

KUALA LUMPUR, March 23 — Ho Hup Construction Company Bhd’s 50:50 joint venture with KNM Process Systems Sdn Bhd, KHH Infrastructure Sdn Bhd, has accepted a sub-contract worth RM57.77 million from Sinopec Engineering Group Malaysia Sdn Bhd.

In a filing to Bursa Malaysia Wednesday, Ho Hup said the project was to undertake the work of civil and underground piping in the Petronas’ Refinery and Petrochemical Integrated Development (Rapid) Package 2, Area 2.

“The scope of supply and work includes but not limited to, general building works for electrical substation and field auxiliary room, foundations, superstructures, internal roads, paving, underground piping, trenches, manholes, pits, basins and related civil work.

“The project is expected to commence on March 30 and will take about 24 months,” it said.

Ho Hup said the sub-contract was expected to contribute positively to the group’s earnings for the financial years ending Dec 31, 2016, 2017 and 2018.

— BERNAMA

Share