KUALA LUMPUR (Aug 26): CBH Engineering Holding Bhd (KL:CBHB) has secured a RM59.61 million work order for electrical infrastructure works at a data centre in Johor.

Its unit CBH Engineering Sdn Bhd (CBHESB) was awarded the contract by a private company on Wednesday, CBH said in a filing with Bursa Malaysia. It did not identify the customer, citing a non-disclosure agreement.

CBH did share that the customer is principally involved in providing infrastructure for hosting and data processing services.

The contract covers the design, supply and installation of electrical infrastructure for the data centre, including a high-voltage substation package and medium-voltage works.

The project is scheduled for completion by Sept 19, 2027.

CBH, which is principally involved in electrical wiring contracting and the supply of electrical items, said the contract is expected to contribute positively to its earnings and net assets per share over the contract period.

In a separate filing, CBH said its managing director Cheah Boon Hwa has disposed of 94 million indirect shares or a 4.998% stake in the company, which was estimated to be valued at RM76.14 million, through his investment vehicle Quay Holdings Sdn Bhd in a direct business transaction on Aug 20.

This leaves his direct stake in the company unchanged at 0.058% while his indirect equity stake stands at 64%.

Shares of CBH Engineering closed up three sen or 3.4% at 92.5 sen on Wednesday, giving the company a market capitalisation of RM1.74 billion.