Friday 23 Feb 2024
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KUALA LUMPUR (Jan 29): Haily Group Bhd has bagged a contract to build residential properties and a substation in a township in Johor Bahru for a total contract sum of RM32.33 million.

According to a bourse filing on Monday, the construction outfit said its wholly owned subsidiary Haily Construction Sdn Bhd had accepted a letter of award issued by Gunung Impian Development Sdn Bhd for the construction and completion of 76 units of double-storey cluster houses and a unit of double chamber TNB substation.

The project is scheduled to commence on Feb 1, 2024, and to be completed by April 30, 2025.

Including the latest win, Haily has announced six contractor project awards since the start of 2023 with contract value totalling RM336.78 million, all of which are located in Johor.

In December, Haily secured a RM64 million contract to develop 327 units of double-storey terrace houses and two TNB substations in Taman Bestari Perdana, also in Johor Bahru, from Meridin East Sdn Bhd.

Prior to that in July, it won a contract worth RM53.8 million from Tasek Maju Realty Sdn Bhd to develop 170 units of double-storey cluster houses in Taman Mutiara Maju. 

In March, it secured a RM32.66 million contract from JYP Architects Sdn Bhd to develop 186 units of single-storey terrace houses with one substation in Bandar Putra, Senai.

The month before in February, Haily secured a contract from Mandy Corp Sdn Bhd worth RM78.28 million, to develop 262 double-storey terrace houses and two substations in Gelang Patah. 

On Jan 10 last year, it secured a RM37.85 million contract from RDC Arkitek Sdn Bhd to develop 77 units of three-storey shop offices, one substation and two compact substations. 

Shares in Haily ended unchanged at 42 sen on Monday, giving the group a market capitalisation of RM73.12 million.

Edited ByAdam Aziz
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