The Company (“Protasco”) is pleased to announce that its subsidiary, KPS-HCM Sdn. Bhd. has been awarded by Central Spectrum (M) Sdn. Bhd., a subsidiary of Kumpulan Hartanah Selangor Berhad, the proposed infrastructure works for the development of Phase 3C, Lot 74079, Pulau Indah Industrial Park, Pulau Indah, Mukim Klang, Daerah Klang, Selangor (“Works”), for a total contract sum of approximately RM174.4 million.
The Works are to be completed within 18 months commencing from 5 July 2017 to 5 January 2019 and are expected to contribute positively to the earnings of the Protasco Group for the financial year ending 31 December 2017.
None of the Directors, major shareholders of Protasco or person connected with them have any interests, direct or indirect, in the award of the Works.