Ireka Corporation Berhad announce that its wholly-owned subsidiary, Shoraka Construction Sdn Bhd had accepted a Letter of Award from Gammerlite Sdn Bhd in respect of the sub-contract works for the construction of Pan Borneo Sabah Phase 1B Highway project with an amount of RM1.07 billion.
The group is expected to execute the agreement on the terms and conditions therein within 45 days from the date of the LOA. Ireka said the acceptance of the LOA is in the ordinary course of business and will enhance the existing order book and is expected to provide a steady stream of revenue and income over the next four years.
Sumber: Business Today
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