Cabnet Holdings gets RM17.4m contract

PETALING JAYA: Cabnet Holdings Bhd's (CHB) unit Cabnet Systems (M) Sdn Bhd (CSM) has secured RM17.4 million contract to provide extra low voltage & ICT services for Hospital Pengajar Universiti Teknologi Mara at Puncak Alam, Selangor.

CHB told the stock exchange that CSM was appointed as the sub-contractor in relation to the provision of extra low voltage & ICT services for the designing, building, completing, commissioning and maintaining infrastructure and building works for the proposed development.

The contract is scheduled to be completed by Aug 2, 2019.

The group said it expects the contract to contribute positively to its earnings and net assets per share from financial years ending Dec 31, 2017 to 2019.