KUALA LUMPUR (Sept 15): Pasukhas Group Bhd via its unit Pasukhas Sdn Bhd has secured a building and external work contract worth RM77 million from Focus Dynamics Bhd’s subsidiary Famous Ambience Sdn Bhd to complete the construction of a commercial smart building at Jalan Tun Razak, Kuala Lumpur.
The three-storey building will have two basement levels and a banquet hall, according to its filing with Bursa Malaysia.
In a separate statement today, the group said the construction is scheduled to be completed entirely by November next year and that it will deploy its team of experts in the field of development, civil engineering, and construction services to ensure that the team adheres to its client’s project timeline.
“The construction industry is starting to pick up pace again with gradual economic recovery, supported by the implementation of various government initiatives and assistance,” said Pasukhas executive director and CEO, Wan Thean Hoe.
The commercial building also houses an underground two-level car park space to address the growing demand for car park spaces in the densely populated area, it said.
Recently, the group highlighted that Pasukhas and partners have also tendered partnership public-private partnership (PPP) project to provide engineering solutions for the construction and operation of a waste treatment plant/waste-to-energy plant (WTE) in Sungai Udang, Melaka.
“With its order book building, and pipelines of projects on the horizon, the group is looking forward to securing further projects in the near future,” it said.
Shares in Pasukhas ended unchanged at 12 sen today, valuing the company at RM133.15 million.