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Kejuruteraan Asastera wins contracts worth RM17.58m

KUALA LUMPUR – Kejuruteraan Asastera Bhd (KAB) has accepted two contracts worth RM17.58 million from China Communications Construction Company to take on the TRX’s electrical and low volate services to Core Residences Project.

Kejuruteraan Asastera Bhd (KAB) said in a recent bourse filing that the firm will act as the nominated subcontractor for supply, installation, testing, commissioning and maintenance to Core Residences Project for Core Precious Development Sdn Bhd on several of their serviced apartments.

The said contract will launched today and it is expected to be completed by Aug 2022.

KAB said the two letters of appointments are seen to contribute postively to the firm’s future earnings for the duration of the contracts. Today, KAB fell 3.81% with the value at RM934.83 million.

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