IJM Construction secures two constructing contracts really worth RM422.18m in Penang

KUALA LUMPUR, Nov 23 — IJM Building Sdn Bhd, a wholly owned subsidiary of IJM Corporation Bhd (IJM) has secured two contracts for the development of a producing facility and a professional tower in Penang with whole value of RM422.18 million.

In a statement today, IJM mentioned that IJM Development acquired a letter of award (LOA) from ASE Electronics (M) Sdn Bhd (ASEM) for the construction of its new chip assembly and screening facility with a deal worth of RM341.39 million.

Located Penang’s Bayan Lepas Cost-free Industrial Zone, the construction of ASEM’s new semiconductor assembly and tests facility will comprise two buildings with a crafted-up spot of 982,000 sq. toes, consisting of a six-storey creation flooring area, workplace house, multi-storey car parks, a hyperlink bridge as very well as a centralised utility constructing base, the statement stated.

The undertaking is scheduled for completion in 2025.

The next deal is for the development of a 45-storey Maritime Signature commercial tower at Karpal Singh Travel in Georgetown comprising office suites, store heaps, duplex models and motor vehicle parking podium valued at RM80.79 million.

The undertaking is set to start in December 2022 and will be done inside 42 months.

IJM Construction’s wholly owned subsidiary Jurutama Sdn Bhd received the award from Bionic Growth Sdn Bhd in October.

The statement mentioned IJM Construction’s buy e-book stays healthy at RM4.8 billion, comprising a excellent mix of private and public sector positions, as effectively as building construction and civil engineering tasks that give near-time period earnings visibility.

IJM team main government officer and handling director Liew Hau Seng claimed the key marketplaces in which IJM operates continue to be strong even with ongoing economic uncertainty.

“With our ongoing coverage of developing vital strategic interactions with both our shoppers and provide chain, we are self-assured that the modern buy guide wins will area the organization in a secure posture for the potential,” he said.

IJM shares traded 1 sen better at RM1.49, with 1.63 million shares switching arms. — Bernama

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