Gabungah AQRS through its subsidiary Gabungan Strategik Sdn Bhd has been awarded an RM38 million sewer relining job by Syarikat Muhibah Perniagaan Dan Pembinaan Sdn Bhd.
The sub-contract will require the company to execute and complete sewer pipes relining works for sub-package 2 open excavation, pipe jacking for Klang and Kuala Langat.
According to Bursa filings, the sub-contract works are to commence in March 2022 and is expected to complete by March 2024.
GAQRS expects the award to contribute positively to future earnings and net assets per share.
The group is involved in construction, property, and investment, among its achievement, including civil work for LRT, SUKE, MRT, and ECRL. Additionally, it also owns an IBS manufacturing arm, SEDCO Precast Sdn Bhd, which is currently the largest precast concrete manufacturer in Sabah. Operating on an 18.67 acres parcel of freehold industrial land in Tuaran, Sabah.
