Another new contract. HSL, via a 90:10 JV with a local bumiputera contractor known as Matrik Besar Sdn Bhd, has secured the RM72.5m construction contract for the access road linking Technology Park Samarahan to Tanjong Bako, Kuching. The payment will be 50% in cash and 50% in kind in the form of land. Assuming an EBIT margin of 15-18%, the contract will fetch a total EBIT of RM10.9-13.1m over the construction period of 30 months ending Dec 2012.
Hock Seng Lee - Secures A RM72.5m Road Job In Sarawak - 10/6/2010
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