CBH Engineering Holding Bhd has secured a RM59.61 million work order for electrical infrastructure works at a data centre in Johor.
Its unit, CBH Engineering Sdn Bhd (CBHESB), was awarded the contract by a private company on Wednesday, CBH said in a filing with Bursa Malaysia. The company did not identify the customer, citing a non-disclosure agreement.
CBH, however, did share that the customer is principally involved in providing infrastructure for hosting and data processing services, offering some insight into the nature of the client despite the confidentiality surrounding the deal.
The contract covers the design, supply and installation of electrical infrastructure for the data centre, including a high-voltage substation package and medium-voltage works, reflecting the technical scope and complexity typically associated with data centre electrical systems.
The project is scheduled for completion by Sept 19, 2027, giving CBH just over a year to complete the works.
CBH, which is principally involved in electrical wiring contracting and the supply of electrical items, said the contract is expected to contribute positively to its earnings and net assets per share over the course of the contract period, underscoring the financial significance of the win for the group.
In a separate filing, CBH said its managing director, Cheah Boon Hwa, had disposed of 94 million indirect shares, representing a 4.998% stake in the company, estimated to be valued at RM76.14 million, through his investment vehicle Quay Holdings Sdn Bhd in a direct business transaction on Aug 20.
Following the disposal, Cheah’s direct stake in the company remains unchanged at 0.058%, while his indirect equity stake now stands at 64%, reflecting a significant but still majority-controlling position within the group.
Shares of CBH Engineering closed up three sen, or 3.4%, at 92.5 sen on Wednesday, giving the company a market capitalisation of RM1.74 billion.
