
KUALA LUMPUR (June 16): Scanwolf Corp Bhd (KL:SCNWOLF) has secured a RM75 million contract to carry out piling and substructure works for a 74-storey apartment development in Jalan Pavilion, Kuala Lumpur.
The contract was awarded by Hallson Construction Sdn Bhd, which is undertaking the development for Armani Hallson Sdn Bhd, according to a filing with Bursa Malaysia on Tuesday.
Scanwolf said the two-year contract covers the design, engineering and construction of foundation and substructure works on a design-and-build basis. The scope includes piling works, pile caps, earthworks, retaining structures and all works below the lowest floor level of the development.
Shares of Scanwolf closed unchanged at 34 sen, giving the company a market capitalisation of RM73.7 million. The stock remains down more than 27% year to date.