Econpile Holdings Berhad has received a Letter of Award from Chingsan Development Sdn. Bhd. to undertake the
construction and completion of site clearing, earthworks, substructure and structure works for a 5- storey basement car parks (B1-B5), including the floor slab of lower ground 2 (LG2) for one (1) block of 15-storey office building on lot PT3034, Jalan Pengaturcara U1/51A, Seksyen U1, Mukim Bandar Glenmarie, 40150 Shah Alam, Selangor Darul Ehsan for a total contract sum of RM30 million.
The project is to be completed within 16 months from 24 February 2024 and is expected to contribute positively to the revenue and earnings of the Company from the financial year ending 30 June 2024 onwards.
The group does not see any significant risks other than operational risk associated with the Project during the contract period. The management would put in place control measures and operational procedures to reduce the impact or likelihood of such events.
