KUALA LUMPUR : Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, has secured a RM494 million construction contract in Bandar Sri Damansara, Selangor.
In a filing with Bursa Malaysia on Friday, the group said its subsidiary, Taghill Projects Sdn Bhd (TPSB), received a letter of award from Indo Aman Bina Sdn Bhd to build two 55-storey serviced apartment towers, a 14-storey parking podium, and shared facilities.
The project, which spans 40 months, is scheduled for completion by 9 July 2028. TPSB is required to provide a performance bond of RM24.73 million as part of the contract terms.
Taghill said the contract is expected to contribute positively to its earnings and net assets for the financial year ending 31 May 2025.
The latest award marks Taghill’s third major win this year. In February, the group secured a RM58 million contract for the construction of an 18-storey commercial complex in Ipoh, Perak, followed by a RM152 million commercial strata scheme project in Kuantan, Pahang.
Despite the series of project wins, Taghill’s shares have fallen more than 29% year-to-date. The stock closed unchanged at 8.5 sen on Friday, valuing the group at RM132.3 million.
–The Edge Malaysia
