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Citaglobal Awarded Road Works Contract Worth RM475 Million

Business Today ·  Sep 26 10:01

Citaglobal announced that Citaglobal Engineering Services Sdn. Bhd., a wholly-owned subsidiary of the company has accepted the Letter of Award from After Image Sdn. Bhd. for the proposed construction and completion of earthworks, pavement, drainage works, road furniture and geotechnical works for a project in Terengganu.

The value of the sub-contract it said was RM47.5 million with the date for commencement in October 2024 with construction duration of 12 months.

The group said the Sub-Contract is expected to contribute positively to the future earnings and net assets per share of the Company for the financial years ending 31 December 2024 and 31 December 2025.

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