NuProp Team

PROPERTY NEWS: Chin Hin Group Property to undertake a substructure job in Penang.

Key takeaway:

Chin Hin Group Property to carry out substructure and superstructure work on the Intel Pelican project in Penang following the RM330 million contract.


The Chin Hin Group has secured a contract to carry out substructure and superstructure work on the Intel Pelican project in Penang.

Exyte Malaysia Sdn Bhd granted the contract to the group's 65 per cent-owned affiliate, Kayangan Kemas Sdn Bhd, according to a Bursa Malaysia filing.

By the third quarter of 2023, the 15-month contract is anticipated to be ended.

According to Chin Hin Group Property, "the contract is estimated to contribute favourably to the profits and net assets of the group for the financial year ending December 31, 2022 and onwards, during the contract's term."


©️ July, 2022, EdgeProp.my

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