2 weeks Ago
PETALING JAYA: Minetech Construction Sdn Bhd (MCSB), a wholly owned subsidiary of Aizo Group Bhd – formerly known as Minetech Resources Bhd, has clinched a letter of award from China State Construction Engineering (M) Sdn Bhd to undertake external infrastructure works in Jalan Pantai Dalam, Kuala Lumpur. With a contract sum of RM24.07mil, MCSB was appointed as the subcontractor for the phased development project, the “Cadangan Pembangunan Berfasa di atas Lot PT 50001”.
The project comprises three high-rise residential towers and supporting infrastructure, including car parking, resident facilities, a swimming pool as well as a rooftop mechanical area. In a Bursa filing, Aizo stated that the contract is expected to contribute positively to the group’s revenue, earnings and net assets for the financial year ending from June 30, 2025 to June 30, 2027. The contract had commenced on Oct 21, 2024 and is expected to be completed by July 20, 2026.
As of Nov 13, 2024, the group has a total orderbook of RM224.1mil. “This collaboration with China State Construction Engineering marks a milestone for AIZO as we expand our footprint in high-value infrastructure projects.
We are thrilled to contribute to Kuala Lumpur’s urban development by supporting the construction of quality residential and infrastructure facilities. “Working alongside a globally respected partner, we are proud to play a role in enhancing Malaysia’s infrastructure landscape, and we are committed to ensuring that this project delivers lasting value and sets new standards in construction excellence,” executive director Ahmad Rahizal Ahmad Rasidi said in a statement..
