Tuesday, December 28, 2010

JAKS wins RM201m construction contract

JAKS Resources Bhd wholly-owned subsidiary, JAKS Sdn Bhd, has secured a construction contract worth RM201 million from MNH Global Assets Management Sdn Bhd.

JAKS Resources in a filing to Bursa Malaysia today said the contract is for the earthworks, retaining wall, piling works and sub-sector works of the proposed commercial development at Jalan PJU 1A/4, Ara Damansara, Petaling Jaya, Selangor.

The work is expected to be completed by March 2012 and is expected to improve the future earnings of the JAKS Group.--BERNAMA

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