TRC Synergy Bags RM550.80 Mln Penang LRT Mutiara Line Project

KUALA LUMPUR, Dec 26 (Bernama) -- TRC Synergy Bhd’s wholly owned subsidiary, Trans Resources Corporation Sdn Bhd, has secured a contract worth RM550.8 million from SRS Consortium Sdn Bhd for a project related to the Penang Light Rail Transit (LRT) Mutiara Line.

In a Bursa Malaysia filing today, TRC Synergy said the contract involves the construction and completion of viaduct guideway, stations, SBG launching, post-tensioning, grouting works, and other associated works.

 “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 (TRC Group).

“Barring unforeseen circumstances, the board is of the opinion that the project will contribute positively to the earnings and earnings per share of the TRC Group in the future,” it said.

-- BERNAMA