$SCGBHD (0225.MY)$ announced that its wholly-owned subsidiary has accepted a notification of award and a consent to announce for the supply and delivery of cables and conductors in East Malaysia.
The group said the total estimated contract price is RM172. 5 million with a duration period of the project being twenty-four months commencing from 20 December 2024 until 19 December 2026.
It said the contract is in the ordinary course of business and potential risks involved are considered normal operational risks and are the same as any other works of such nature undertaken.
The contract is not expected to have a material effect on the net assets and gearing for the financial year ending 31 December 2024 and is expected to contribute positively to its earnings.