HE Group bags RM124mil subcontract for Johor data centre project
KUALA LUMPUR: HE Group Bhd announced that its wholly-owned subsidiary, Hexatech Engineering Sdn Bhd has secured a subcontract worth approximately RM124 million for main electrical works at a data centre in Johor.
HE Group Bhd has secured a significant subcontract worth around RM124 million for main electrical works at a data centre project in Johor. The award of the subcontract, which involves supply, installation, testing, and commissioning of the facility's electrical systems, was made by an unnamed engineering, procurement, and construction management company.
HE Group's wholly-owned subsidiary, Hexatech Engineering Sdn Bhd, will be responsible for executing the terms of the subcontract. The total contract value of RM124 million is subject to any variations, additions, or omissions, all in accordance with the express terms of the agreement. The project is set to commence upon acceptance of the subcontract and is targeted for completion by March 27, 2028.
HE Group's share price has surged almost 195% year-to-date, reaching RM1.09, valuing the group at RM479.6 million.
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