PETALING JAYA: Gabungan AQRS Bhd has been awarded a sub-contract worth RM60.22 million for the execution and completion of sub-structure, toll plaza building and motorcycle lane works of the Elevated Sungai Besi-Ulu Kelang Highway privatisation project.
In a filing with Bursa Malaysia today, the group said its wholly owned subsidiary Gabungan Strategik Sdn Bhd (GSSB) received a letter of award from Syarikat Muhibah Perniagaan Dan Pembinaan Sdn Bhd (SMPP).
The sub-contract is a new contract between SMPP and GSSB for the provision and supply of all labour, material, fuel, plant and/or equipment and everything necessary for the execution and completion of sub-structure, toll plaza building and motorcycle lane works.
Works will commence on June 25, 2018 and is expected to be completed by Feb 24, 2020.
The group’s construction order book as at March 31, 2018 stood at RM2.7 billion.
Gabungan AQRS’ share price fell 1.65% or 2 sen to close at RM1.19 with a total of five million shares traded.