Kuching: Pintaras Jaya Bhd's wholly owned subsidiary, Pintaras (East Malaysia) Sdn Bhd, has won a subcontract for a proposed bridge construction in Kuching, Sarawak, worth RM35.5 million. In a filing with Bursa Malaysia today, the construction company said the scope of works includes earthworks, piling, pile caps, bridge abutments, piers, and bridge superstructure works, and shall commence immediately for a duration of 29 months.
According to BERNAMA News Agency, the contract is expected to contribute positively towards the future earnings of Pintaras Jaya for the duration of the contract. The company noted that there would be no effect on the share capital and substantial shareholders' shareholdings of the company. The group also intends to fund the contract through internally generated funds.