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Iqzan Holding secures project worth RM143 mil
KUALA LUMPUR (June 12): Iqzan Holding Bhd (KL:IQZAN) has secured a construction project worth approximately RM143 million via its subsidiary, Kacon Construction Sdn Bhd (KCSB).
In a filing with Bursa Malaysia on Wednesday, the company said that the project entails the construction of a 24-storey office building on Jalan Tun HS Lee here.
“The project is expected to positively contribute to the earnings of the Iqzan group for financial years (FY) 2025, FY2026 and FY2027,” it said.
The company also highlighted various risk factors which could affect the project, including the availability of skilled manpower and materials, fluctuations in material prices, and changes in political, economic and regulatory conditions.
“KCSB has expertise in the construction business, which the management believes will help mitigate these risks,” it added.
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Source: EdgeProp.my
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