PETALING JAYA: EITA Resources Bhd’s wholly owned subsidiary EITA Elevator (Malaysia) Sdn Bhd has bagged a sub-contract job to provide lift services from Pembenaan Leow Tuck Chui & Sons Sdn Bhd (PLTCSSB) for RM11.30 million.
EITA said in a Bursa Malaysia filing it received the letter of acceptance on Sept 12 from PLTCSSB, to supply, deliver, install, test, commission and maintain lift services for an affordable apartment building next to the Duta-Ulu Kelang Expressway, Mukim Setapak, Kuala Lumpur. EITA Elevator is required to supply and install 23 lifts.
Works is expected to begin upon receipt of the acceptance letter and is expected to go on until Aug 14, 2020.
The sub-contract will not have any material effect on the net assets and gearing of EITA group for the financial year ending Sept 30 2017 and is expected to contribute positively to the earnings of Eita group over its duration.
Eita’s shares gained 1.12% to close at RM1.80 with some 95,900 shares changing hands. Its market capitalisation stood at RM232.69 million.
Source: The Sun Daily