Jaycorp unit wins RM13m contract to build gallery

Jaycorp Bhd has been awarded a RM12.6 million contract from Fulcrum Capital Sdn Bhd to construct a one-storey Azman Hashim Gallery and an auditorium for University Malaysia Sabah (UMS), and the Azman Hashim Foundation.

The construction group told Bursa Malaysia yesterday its 60%-owned subsidiary Jaycorp Engineering & Construction Sdn Bhd (JEC) has accepted the contract which requires it to supply materials, labour, tools and equipment to build and deliver the gallery and auditorium. Hence, JEC will undertake the building works which include structural, architectural, mechanical, electrical and infrastructure work.

The development cost of the UMS project will be funded with internally generated funds of Jaycorp group.