Fajarbaru Builder’s bags RM121m contract for Johore Golf & Country Club project

FAJARBARU Builder Group Bhd (FBG) said its subsidiary, Fajarbaru Builder Sdn Bhd, has accepted a letter of award worth RM120.8 million from Tanjung Nakhoda (M) Sdn Bhd for the construction and completion of partially completed works at Johore Golf & Country Club.

It said in a Bursa filing today that the contract, inclusive of Sales and Services Tax, spans 90 weeks, commencing on March 11, 2024, and concluding on November 30, 2025.

FBG foresees positive contributions to earnings and net assets from the financial year ending June 2024 onwards, with no material impact on share capital or substantial shareholders’ shareholding.

Its board is confident that the contract is in the best interest of the group. — TMR