BUSINESS > NEWS

TRC SYNERGY BAGS RM125 MLN CONTRACT FOR MAINTENANCE WORKS

25/06/2024 06:28 PM

KUALA LUMPUR, June 25 (Bernama) -- TRC Synergy Bhd’s wholly-owned subsidiary, Trans Resources Corporation Sdn Bhd has entered into a contract worth RM125 million with BHIC Submarine Engineering Services Sdn Bhd.

The five-year contract entails scheduled and corrective maintenance works at Zone D, Jetty Facility Building, Bosun Building, Floating Breakwater Jetty, Shiplift Jetty and safety conditioning facilities at the Royal Malaysian Navy Submarine Base in Sepanggar Bay, Kota Kinabalu.

In a filing with Bursa Malaysia, the construction company said 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 TRC Group.

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

-- BERNAMA


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