Sunway Construction's unit clinches RM920mil variation works contract in Johor
KUALA LUMPUR: Sunway Construction Group Bhd’s wholly owned unit Sunway Construction Sdn Bhd has received a letter of award for variation (LOAV) works from a US-headquartered multinational technology corporation worth approximately RM920.8 million.
Sunway Construction Group Bhd's wholly owned unit, Sunway Construction Sdn Bhd, has secured a RM920.8 million variation works contract in Johor. The contract, a letter of award for additional mechanical, electrical, and plumbing fit-out works for an ongoing data centre project, was awarded by a US-headquartered multinational technology corporation.
The variation works are scheduled to be completed by Q1 2028. The contract will not impact Sunway Construction Group Bhd's share capital or substantial shareholders' holdings, as no new shares will be allotted. Despite not expecting immediate effects on earnings per share, net assets per share, and gearing, the variation works are anticipated to positively contribute to the group's earnings from the financial year ending December 31, 2026 onwards.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
