KUALA LUMPUR (June 8): Hextar Capital Bhd (KL:HEXCAP) said its unit has secured a subcontract worth RM60.4 million under a project to upgrade the Timah Tasoh water reservoir in Perlis.

The job involves the remaining upgrading works for the dam, including environmental protection and enhancement, piling works, as well as the construction of protection bunds, along with other related works, Hextar Capital said in a statement.

The project is slated to begin on June 9, 2026, and is expected to be completed by June 15, 2027, said the company formerly known as Opcom Holdings Bhd.

The Timah Tasoh dam, located 17km north of Kangar, was originally completed in 1992 after a five-year construction at the cost of RM24.5 million, according to the Department of Irrigation and Drainage.

The dam has undergone upgrades, with the latest third phase aimed at controlling downstream floods as well as boosting water supply for domestic and agricultural irrigation.

The subcontract was awarded to Hextar Capital’s 60%-owned subsidiary Legacy Core Sdn Bhd by Jati Segera Sdn Bhd.

“We are committed to contributing to the country’s infrastructure development and look forward to working closely with all stakeholders to ensure the successful completion of the project,” Hextar Capital managing director Johnson Chang Kian Seong said in a statement.

Hextar Capital, via Legacy Core, will continue to focus on strengthening its order book and pursuing strategic opportunities, he added.

Shares of Hextar Capital closed unchanged at 19 sen on Monday, giving it a market capitalisation of RM110.4 million, ahead of the subcontract announcement. The stock has risen more than 5% year to date.