Taghill accepts RM58m contract commercial complex project in Perak

TAGHILL Holdings Bhd, through its wholly-owned subsidiary Taghill Projects Sdn Bhd (TPSB), has today accepted a letter of award (LOA) from One Roof Development Sdn Bhd (ORD).

The LOA pertains to the construction of an 18-storey commercial complex, including 271 hotel rooms, offices, restaurants, cafés, function rooms, and other facilities, located on Jalan Sultan Abdul Jalil, Ipoh, Perak.

The contract sum for the project is RM58 million, with an expected duration of 16 months, starting from March 1, 2025 and targeted for completion by June 30, 2026.

The project is expected to positively impact Taghill’s earnings and net assets.

The LOA is not subject to shareholder approval, and its board of directors believes that the project aligns with the best interests of the company and its shareholders. — TMR

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