Econpile Holdings Berhad wholly-owned subsidiary, Econpile (M) Sdn. Bhd. receives a Letter of Award from Domain Resources Sdn. Bhd. to undertake the substructure works for a proposed phased development in Pantai Dalam KL.
The project comprises of Phase 1 Affordable Homes single block of residential units and Phase 2 – three (3) blocks of residential units for a total sub-contract sum of RM37.3 million.
According to the LOA, the project is to be completed within 15 months from letter issued which was 5 May 2022, Domain Resources is a subsidiary of Malton Berhad which has undertaken projects such as the Pavilion property and mostly in the high end spectrum.
Econpile states that the project is expected to contribute positively to the revenue and earnings of the Company from the financial year ending 30 June 2022 onwards.