HAILY Group Bhd’s subsidiary, Haily Construction Sdn Bhd, has accepted a letter of award from Mandy Corporation Sdn Bhd for a construction project in Gelang Patah, Johor.

The project includes building double-storey terrace houses and a TNB sub-station, with a contract sum of RM109.5 million.

The project is scheduled to start in May 2024 and complete by April 2026, with penalties for delays.

Haily Group expects positive contributions to earnings and net assets from this project. — TMR