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Citaglobal bags construction jobs totalling RM36mil

The Star·02/27/2025 12:09:00
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PETALING JAYA: Citaglobal Bhd’s wholly-owned subsidiary Citaglobal Land Sdn Bhd has accepted two letters of awards from Jeffa Energy (S) Sdn Bhd and Soonlilee Construction Sdn Bhd respectively, for works amounting to RM29.85mil and RM6.28mil each.

In a statement, Citaglobal said both sub-contract awards have a duration of 16 months each.

“The first letter of award dated Feb 24, 2025, from Jeffa Energy is for the construction and completion of station works (Package 01) for the development of Kuching Urban Transportation System (KUTS).

“The second letter of award dated 24 February 2025 from Soonlilee, is for four Station Steel Structure Material Purchase for the development of KUTS Projects Phase 1.”

Citaglobal said these sub-contracts are expected to contribute positively to the future earnings and net assets per share of the company for the financial years ending Dec 31, 2025 and 2026.

“The company does not foresee any exceptional risk factors other than the normal operation risks associated with the sub-contracts and will take the necessary steps to mitigate these risks as and when they occur.”