HSL bags RM130m contract to build training institute in Sarawak

by BERNAMA / pic by TMR FILE

KUALA LUMPUR – Hock Seng Lee Bhd (HSL) has bagged a RM130.7 million contract for the construction of the Leadership Training Institute for Sarawak Civil Service in Petra Jaya, Kuching, from the Sarawak government.

The Sarawak-based construction company said the scope of works included infrastructure works, pilling, administrative building and accommodation blocks and the related mechanical and engineering works.

“The contract period is 27 months and physical construction work is expected to commence in April 2021,” it said in a filing with Bursa Malaysia today.

The contract is expected to contribute positively to the HSL group’s earnings and net assets as the project progresses during the contract period.

However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL.