KUALA LUMPUR: TCS Group Holdings Bhd's subsidiary TCS Construction Sdn Bhd has secured a RM130.15 million contract from Saujana Permai Development Sdn Bhd for the building works and related external works of a serviced apartment project in Kuala Langat, Selangor.
In a filing to Bursa Malaysia, the company said it will execute and complete works on 630 units of a 31-storey serviced apartment.
The works will also include one level of amenities, seven levels of a tiered car park, 36 units of business spaces, nine units of affordable shops, a kindergarten, two electric substations and underground mechanical spaces.
TCS said the overall construction period of the works is 36 months with completion slated for July 30, 2027.
The company plans to fund the works via internally generated funds and/or borrowings.
"The contract in line with the company's expansion of business and strategy to increase the company's revenue.
"The company is in the opinion that the contract would enhance the current outstanding order book and strengthens the earnings visibility for the coming financial years," it said.