KUALA LUMPUR: Cabnet Holdings Bhd’s (Cabnet) wholly-owned subsidiary, Cabnet Systems (M) Sdn Bhd, has secured a RM12.2 million contract from Country Garden Pacificview Sdn Bhd.
In a filing with Bursa Malaysia today, it said Cabnet Systems has been appointed as contractor for the provision of extra low voltage works for a strata development project comprising nine blocks of serviced apartments in Forest City, Johor.
The date of commencement was May 15, 2018 and the completion date will be April 3, 2019.
The contract is expected to contribute positively to the group’s earnings and net assets per share for financial years ending Dec 31, 2018 to 2019.