Haily unit wins construction project in Iskandar Puteri worth RM41.28 mln

24/01/2022 09:20 PM

KUALA LUMPUR, Jan 24 -- Haily Group Bhd announced that its wholly-owned subsidiary, Haily Construction Sdn Bhd, has accepted a Letter of Award (LOA) from Country View Resources Sdn Bhd for the construction and completion of Phase 1 of a tourist resort strata development in Iskandar Puteri, Pulai, Johor Bahru.

In a filing with Bursa Malaysia, Haily Group said the total contract sum of the project amounted to RM41.28 million.

“The Board expects the LA to contribute positively to the Group’s earnings and net assets over the duration of the project, assuming no material delay in the timing.

"Having considered the rationale, prospects and all other aspects of the LA, the Board is of the opinion that the acceptance of the LA is in the best interest of the company,” Haily Group said. 

The completion time for the works inclusive of mobilisation, all public holidays and off days shall be 18 months commencing from Jan 28, 2022 and date of practical completion will be July 28, 2023, it added. 



BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires;; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2023 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy