TCS Group Holdings secures RM323 million from Mah Sing for construction of M Arisa

Building and infrastructure construction services provider, TCS Group Holdings Berhad’s wholly-owned subsidiary, TCS Construction Sdn. Bhd. (“TCSCSB”) has secured a RM323.00 million contract from Cosmowealth Housing Development Sdn. Bhd., a subsidiary of  Mah Sing Group Berhad (“Mah Sing”), for main building works of 2 blocks of 57-storey serviced apartments with 799 units each, 10-storey elevated carpark, 1 level of underground carpark, and 1 level of facility floor in Kuala Lumpur known as the M Arisa.

Managing Director of TCS Group, Tee Chai Seng said, “We are delighted to have bagged our third project since our recent listing on 23 July 2020, which is a testimony to our technicaland execution capabilities. In total, we have now won three contracts worth RM537.70 million in the past three months alone.”

“Mah Sing is a multiple award-winning developer and we are honoured to have been awarded the construction works for the M Arisa. We look forward to working closely with them and forge long-term relationship with the team at Mah Sing. We will continue to emphasise on three key focus areas for all our projects – delivering exceptional quality; timely completion; and priority on health and safety at work, fully complying with the stringent Standard Operating Procedures put in place by the authorities during the current pandemic.”

“Meanwhile, we are also pleased with the progress and execution of our expansion plans so far, i.e. growing our building construction activities, expanding our infrastructure construction services, and purchasing machinery and equipment. At the same time, the Group continues participating in more project tenders, especially institutional buildings and infrastructure projects. Moving forward, we remain positive on the Group’s outlook underpinned by the gradual recovery of the construction sector, our improved order book as well as our active participation in tenders for both building construction and infrastructure segments.”

The overall duration of the Contract is 36 months commencing from the date of site possessions.

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