YFG’s unit bags RM36.72m MRT underground works package YFG (7122) YFG BERHAD
YFG Bhd ’s wholly owned subsidiary, YFG Engineering Sdn Bhd (YFGE), has been appointed as the nominated sub-contractor for a Klang Valley mass rail transit (MRT) underground works project worth RM36.72 million.
In a filing with Bursa Malaysia today, YFG announced it has accepted the appointment from MMC-Gamuda KVMRT (T) Sdn Bhd on Oct 7 for the project known as “Projek Mass Rapid Transit Lembah Kelang : Jajaran Sungai Buloh – Kajang Underground Works Package for the Mechanical & Electrical Works For Package 3 (Stadium Merdeka Station)”.
It forms part of the main sub-contract for the construction, completion, testing, commissioning and care of the works – which includes the Pudu launch shaft but excludes the diaphgram wall.
“YFGE shall within 21 days from the date of acceptance, enter into a nominated sub-contract with CEC International Malaysia Sdn Bhd, the main sub-contractor for the project,” said YFG.
It added that the commencement date of the project will be advised by the main sub-contractor.
YFG expects the contract to contribute positively to future earnings and net assets per share of the group.
The electrical and mechanical engineering services provider closed at 8.5sen, for a market capitalisation of RM57.86 million. - The Edge l OCTOBER, 16, 2014
