KUALA LUMPUR: SURIA CAPITAL HOLDINGS BHD [] and its partners have secured a RM1 billion contract to build a 300MW power plant in Kimanis, Sabah.
Suria Capital said on Thursday, Jan 13 its unit SCHB Engineering Services Sdn Bhd and its partners CTCI Corporation, CTCI Overseas Corporation Ltd, CTCI Malaysia Sdn Bhd and Steamline (Malaysia) Sdn Bhd were awarded the contract by Kimanis Power Sdn Bhd.
The CONSTRUCTION [] period will be around three years.
'The contract is expected to contribute positively to the earnings of SCHB Engineering for the financial year ending Dec 31, 2011. The contract does not have any material effect on the net assets per share, share capital and substantial shareholders' shareholding of Suria Capital,' it said.
Suria Capital said on Thursday, Jan 13 its unit SCHB Engineering Services Sdn Bhd and its partners CTCI Corporation, CTCI Overseas Corporation Ltd, CTCI Malaysia Sdn Bhd and Steamline (Malaysia) Sdn Bhd were awarded the contract by Kimanis Power Sdn Bhd.
The CONSTRUCTION [] period will be around three years.
'The contract is expected to contribute positively to the earnings of SCHB Engineering for the financial year ending Dec 31, 2011. The contract does not have any material effect on the net assets per share, share capital and substantial shareholders' shareholding of Suria Capital,' it said.
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