PETALING JAYA: GUH Holdings Bhd has secured a RM69.49mil mechanical and electrical contract from Gamuda Bhd for the proposed development of the Sungai Rasau water supply scheme project.
In a filing with Bursa Malaysia, GUH Holdings said the contract is for the supply, delivery, installation, testing and commissioning and maintenance of mechanical and electrical process, surface aeration system, destratification system and algae control system for intake and raw water pumping plant and ponds.
Guh Holdings said the job is expected to be completed by June 30, 2025.
“The sub-contract is expected to contribute positively to the earnings and net assets per share of GUH Holdings for the financial year ending Dec 31, 2024 and beyond, up to the completion of the sub-contract,” it said.