Ho Hup bags RM58m West Coast Expressway subcontract
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Ho Hup bags RM58m West Coast Expressway subcontract
Ho Hup bags RM58m West Coast Expressway subcontract
By Ahmad Naqib Idris / theedgemarkets.com | May 3, 2016 : 7:55 PM MYTKUALA LUMPUR (May 3): Ho Hup Construction Company Bhd has won a RM58 million subcontract to undertake structures and bridges works in Perak, which is part of the West Coast Expressway.
In a bourse filing, Ho Hup said the job was awarded by Menuju Asas Sdn Bhd, the main contractor of the Malaysian Public Works Department. The subcontract is for a duration of approximately 24 months, commencing May 9, 2016.
“Under the scope of work, Ho Hup shall be responsible for all temporary works, piling works, substructure, superstructure and miscellaneous works related to the bridges,” said the company.
It expects the subcontract to contribute positively to its earnings for the financial years ending Dec 31, 2016, 2017 and 2018.
Ho Hup fell 3 sen or 3.45% to 84 sen today, giving it a market capitalisation of RM292.59 million.
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