PETALING JAYA: HSS Engineers Bhd’s associate company HSS Integrated Sdn Bhd (HSSI) has been appointed project management consultant by PNB Commercial Sdn Bhd for a mixed development project in Taman Perling, Johor Baru, for RM10 million.
HSS Engineers announced in a Bursa Malaysia filing that it yesterday accepted a letter of appointment dated Sept 5 2017 from PNB Commercial.
“Pursuant to the exclusive teaming arrangement between HSSI and HSS Engineers’ wholly owned subsidiary, HSS Engineering Sdn Bhd (HSSE), HSSI and HSSE will be collaborating exclusively to execute and complete the contract,” the company said.
The contract, which comes into effect from the acceptance of the appointment letter, is slated to be completed in the fourth quarter of 2022. It is expected to contribute positively for the financial years ending Dec 31 2017 to Dec 31 2022.
HSS Engineers shares fell one sen to close at RM1.14 with some 1.43 million shares changing hands. Its market capitalisation stood at RM360.56 million.
Source: The Sun Daily