BUSINESS

TRC SYNERGY SUBSIDIARY SECURES NEW PROJECT WORTH RM358 MLN

02/02/2024 06:33 PM

KUALA LUMPUR, Feb 2 (Bernama) -- TRC Synergy Bhd’s wholly owned subsidiary Trans Resources Corporation Sdn Bhd has accepted a letter of award from Impeccable Vintage Properties Sdn Bhd, a wholly owned subsidiary of Khazanah Nasional Bhd, for a project worth RM358 million.

The contract is for the proposed refurbishment of the main building and infrastructure works at Subang Engineering Complex A, Sultan Abdul Aziz Shah Airport.

The company told Bursa Malaysia that the project will contribute positively to the earnings and earnings per share of the TRC group in the future.

“The board, after having considered all aspects of the offer, is of the opinion that the project is in the best interest of the TRC Group.

“The project will not have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, net assets per share and gearing of the company and its subsidiaries,” it added.

-- BERNAMA

 

 


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