ES Sunlogy Bhd has secured a RM107.5 million subcontract for mechanical, electrical and ventilation works for an industrial development project in Tebrau, Johor Bahru.
In a filing with Bursa Malaysia, the mechanical and electrical engineering specialist said the contract was awarded to its wholly owned subsidiary, Savelite Engineering Sdn Bhd, by China State Construction Engineering (M) Sdn Bhd.
The scope of works includes the supply, installation and maintenance of air-conditioning and mechanical ventilation systems, smoke control systems, electrical systems, as well as extra low-voltage cable support systems for the proposed industrial building and related external infrastructure works.
The subcontract is scheduled to run until Nov 30 this year.
The latest contract win is expected to strengthen ES Sunlogy’s order book and provide additional earnings visibility for the group moving forward. It also reflects the company’s continued capability in delivering specialised engineering services for large-scale industrial developments.
Shares of ES Sunlogy closed unchanged at 28 sen on Monday, valuing the company at RM189.06 million. The stock has declined more than 11% year-to-date.
