Haily Group Bhd’s subsidiary, Haily Construction Sdn Bhd, has bagged an RM27.21 million terrace residential project from Gunung Impian Development Sdn Bhd in Tebrau Johor.
In an exchange filing yesterday, the company said the project included 176 single-storey terrace houses and one single-chamber Tenaga Nasional Bhd sub-station.
Haily group executive director See Tin Hai says, “The company’s recent track record in securing new contracts bodes well for prospects in the near future.
“We will continue delivering high-quality construction products and services to our customers promptly while seeking to create sustainable returns to all our stakeholders,” he says.
The company said in a statement yesterday that it had accepted a letter of award (LA) from Gunung Impian for a fixed price lump sum.
The project’s setup date is set for December 10, 2021, and its completion date is expected to be on December 9, 2022.
Throughout the project, the LA is expected to contribute positively to the company’s earnings and net assets.
Haily has 20 ongoing building construction projects and two ongoing civil engineering-related construction projects as of November 2, 2021.
The total contract value of these projects is estimated to be around RM504.95 million.
