KUALA LUMPUR: Aizo Group Bhd, through its subsidiary Minetech Construction Sdn Bhd, has received a contract worth RM14.55 million from Richmont Estate Sdn Bhd to undertake external infrastructure works for a project in Serendah, Selangor.
In a filing to Bursa Malaysia, Aizo said the contract is expected to commence on Aug 26 with completion date set on Aug 25 next year.
"The project will involve the execution and completion of external infrastructure works for the development," it added.
Aizo executive director Ahmad Rahizal Datuk Ahmad Rasidi said the letter of award (LOA) is a testament to its dedication to deliver value to stakeholders and further enhance the company's presence in the infrastructure sector.
"We are honoured to have secured this contract with Richmont, a milestone that aligns with our newly-rebranded identity as Aizo Group (formerly known as Minetech Resources Bhd).
"This project also reaffirms our position as a leading player in the construction industry, and we are confident it will enhance our presence in the infrastructure sector," he added.
As of Sept 30, Aizo's total orderbook size stood at RM265.77 million.
Its share price closed at 13.5 sen yesterday, representing a market capitalisation of RM241 million.