
KUALA LUMPUR (Aug 13): TSR Capital Bhd (KL:TSRCAP) has secured a RM16.9 million contract to undertake site clearing and earthworks for an industrial development in Seremban, Negeri Sembilan.
The contract was awarded to TSR Capital's wholly owned subsidiary TSR Bina Sdn Bhd by MIE Industrial Sdn Bhd, the construction and property development group said in a statement on Thursday.
The four-month contract is scheduled to be completed by the fourth quarter of 2026.
TSR Capital said the contract is expected to contribute positively to the group's earnings and net assets over the duration of the project.
TSR Bina is principally involved in infrastructure, civil engineering and building works.
TSR Capital’s shares closed unchanged at 22 sen on Thursday, with a market capitalisation of RM38 million. The stock has fallen 21% from its January peak of 28 sen.