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Fajarbaru bags klia2 contract worth RM13.7 million

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Fajarbaru bags klia2 contract worth RM13.7 million Empty Fajarbaru bags klia2 contract worth RM13.7 million

Post by Cals Tue 29 Apr 2014, 22:24

Fajarbaru bags klia2 contract worth RM13.7 million
Business & Markets 2014
Written by Jonathan Gan of theedgemalaysia.com   
Tuesday, 29 April 2014 18:50

KUALA LUMPUR (Apr 29): Fajarbaru Builder Group (FBG) Bhd informed Bursa Malaysia that it had accepted a letter of award for a service contract from Malaysian Airports Sdn Bhd worth RM13.74 million.

In a filing with the exchange, the company said its wholly owned subsidiary, Fajarbaru Builder Sdn Bhd (“FBSB”), accepted today the Letter of Award dated 18 April 2014 from Malaysia Airports (Sepang) Sdn Bhd.

The service contract was for the comprehensive operation and maintenance of the "Visual Docking Guidance System" at klia2.

The three-year contract is expected to start on May1, 2014 .

“The service contract is expected to contribute positively to the earnings and net assets of the FBG Group for the financial year ending 30 June 2014, 30 June 2015, 30 June 2016 and 30 June 2017,” it said in the statement.
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