Protasco unit bags RM315.8m highway job

PETALING JAYA: Protasco Bhd’s subsidiary HCM Engineering Sdn Bhd has received a letter of acceptance from Turnpike Synergy Sdn Bhd for the construction of a stretch of the proposed Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) for RM315.8 million.
In a filing with the stock exchange, Protasco said the contract is to be undertaken jointly by HCM and Hatimuda Sdn Bhd on a 40:60 basis.
Work is expected to be completed in 30 months, by Feb 28, 2019, and the contract will have a positive impact on Protasco’s net assets and earnings for the financial year ending December 31, 2016.
Hatimuda, which has an authorised share capital of RM5 million, is involved in construction and infrastructure works.