Malaysia's Critical Holdings Secures RM772 Million EPC Contract from US Firm

en.Wedoany.com Reported - A US multinational corporation has awarded Critical Holdings Bhd (KL:CHB) an engineering, procurement, and construction (EPC) contract valued at RM772.49 million to build a high-tech industrial facility in the Kulim Hi-Tech Park, Kedah. The contract was awarded by an American multinational company that provides wafer fabrication equipment and services for the semiconductor industry, though the specific company name was not disclosed. The contract scope includes constructing an advanced industrial facility equipped with an automated storage and retrieval system (ASRS) warehouse and supporting infrastructure. Critical Holdings stated that the project commenced on June 15 and is expected to be completed by December 15, 2027, contributing to the group's earnings and net assets for the financial years ending 2027 and 2028.

Advancecon Holdings Bhd (KL:ADVCON) has secured a subcontract worth RM121.66 million for the construction of offshore water storage facilities and related earthworks as part of the Port Dickson water supply scheme development in Negeri Sembilan. The subcontract was accepted by its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, on July 10 from an unnamed contractor. The contractor has over 30 years of experience in the construction industry, having undertaken projects such as PKNS Cyber Valley, the Rasau raw water pipeline, and participated in the completion works for the MRT 2 line in Cyberjaya. The project is scheduled for completion within 30 months, with Advancecon funding it through internal resources and bank loans.

GFM Services Bhd (KL:GFM) has secured a contract worth RM148.2 million to provide plant turnaround maintenance services at the Pengerang Integrated Petrochemical Complex in Johor. The contract involves supplying manpower, tools, equipment, materials, consumables, and other services for mechanical works on fixed equipment and is expected to contribute to GFM's earnings in 2027. GFM Managing Director Ruslan Nordin stated that due to the extensive work required across the entire complex, this turnaround is expected to be one of the largest of its kind in Malaysia. This planned overhaul is the first since the petrochemical complex began operations in 2019. The contract is part of Petronas' integrated turnaround master mechanical and maintenance mechanical static framework contract awarded to local contractors, aimed at optimizing plant turnaround and routine maintenance vendor management. GFM's operations in this area also include a joint venture with Singapore-based Mun Siong Engineering Ltd, which contributed nearly two-thirds of the group's total revenue in the first three months of this year.

Hartanah Kenyalang Bhd (KL:HKB) has secured a contract valued at RM283.9 million from the Sarawak Public Works Department (JKR) for the construction of the JKR Sarawak headquarters complex. The contract was awarded to its wholly-owned subsidiary, Hartanah Construction Sdn Bhd, effective from July 23, with a duration of 30 months. Located on Jalan Batu Lintang in Kuching, the project involves demolishing the original building built in 1955 and constructing a new 21-storey main building, a three-storey car park, and ancillary facilities. As of July 9, the group's total order book stood at RM800.5 million, more than four times higher than the RM142.5 million recorded as of March 31, 2025. Hartanah Kenyalang's Non-Independent Executive Director and Managing Director, Boon Teik Chai, stated that this contract is the largest the group has secured in its 12 years within the Sarawak construction industry and pledged close collaboration to build a green office building equipped with modern facilities.

Aizo Group Bhd (KL:AIZO) has secured a subcontract for road and drainage works to support a proposed transit-oriented development in Cheras. The subcontract was awarded by Xense Design Sdn Bhd, on behalf of client Esan Juta Sdn Bhd, to its wholly-owned subsidiary, Aizo Construction Sdn Bhd, valued at RM9.09 million. Aizo Group Executive Director Ahmad Rahizal stated that the project is a large-scale urban development comprising 2,796 serviced apartments.

Exsim Hospitality Bhd (KL:EXSIMHB) has secured an interior design works contract valued at RM63.5 million. The contract was awarded by Cosmopolitan Avenue Sdn Bhd to its wholly-owned subsidiary, Exsim Concepto Sdn Bhd, effective July 9, with completion expected by December 31. Exsim Concepto primarily provides renovation services, general contracting, and centralized procurement for hotel property assets.

Jati Tinggi Group Bhd (KL:JTGROUP) has won a contract worth RM86 million to provide engineering services for a high-voltage transmission project at the Klang Valley Tech Park in Kapar, Selangor. The contract was awarded to its wholly-owned subsidiary, Jati Tinggi Holding Sdn Bhd, by a client primarily engaged in computer consulting, data processing, providing hosting infrastructure, and related activities. The contract involves the design and construction of a 275kV overhead transmission line, along with related substation systems and infrastructure works associated with data center development. The subsidiary will be responsible for civil works, equipment installation, system integration, testing, and commissioning.

PN17 company TXCD Bhd (KL:TXCD) has secured projects totaling RM57.09 million awarded by Sg Besi Construction Sdn Bhd. Its indirect subsidiary, Ageson Kensetsu Sdn Bhd, accepted two letters of award: one subcontract valued at RM41.43 million covering infrastructure, mechanical, and engineering works, and another contract worth RM15.66 million encompassing the supply and delivery of concrete, steel reinforcement, British reinforced concrete, cement, as well as mechanical and engineering equipment. The total value of these two contracts exceeds TXCD's market capitalization. Works commenced on Wednesday and are expected to be completed by September 1, 2028. At the time of writing, the stock was trading at 13.5 sen, with a market capitalization of RM42.1 million.

MM Computer Systems Bhd (KL:MMCS) has secured two contracts totaling RM24.54 million from a government-linked company to provide server and network maintenance support services. Its wholly-owned subsidiary, Micro Technology Solution Sdn Bhd, accepted the letters of award from the client. Due to lack of consent, the client's identity was not disclosed, but it is known that the business involves electricity generation, transmission, distribution, and retail in Malaysia. The contract values are RM12.24 million and RM12.31 million respectively, with a service period of three years from July 1 to June 30, 2029.

Titijaya Land Bhd (KL:TITIJYA) is optimistic about Sabah's future development, planning to launch a series of development projects in Likas and Kota Kinabalu, while continuing to advance its student accommodation project near Universiti Malaysia Sabah. The group expects its Citadines Waterfront hotel in Kota Kinabalu to contribute its first full year of revenue in the financial year 2025, following its first full year of operations. Managing Director Datuk Lim Poh Yee stated that Sabah's improving infrastructure, growing tourist arrivals, and vibrant business activities are conducive to long-term real estate investment opportunities.

Rubber glove manufacturer Careplus Group Bhd (KL:CAREPLS) plans to sell a property in Seremban for RM42 million to raise funds for a new energy vehicle project. The property, spanning 40,680 square meters, includes a single-storey retail complex with a mezzanine floor named Careplus Mall. Careplus purchased the land for RM35.5 million in November 2021 and subsequently spent RM4.29 million on renovating the retail complex and installing solar panels. The sale is expected to generate an estimated gain of RM2.09 million. Over 65% of the proceeds (RM27.31 million) will be used to fund the construction of a new energy vehicle manufacturing and assembly center in Jimah, Negeri Sembilan, while another RM13.36 million will be used to repay related loans. As of March 31, Careplus's total borrowings stood at RM35.45 million, comprising RM20.04 million in long-term loans and RM15.41 million in short-term loans. The group ventured into the electric vehicle business in 2023 and expects the transaction to be completed by the end of this year.

Eita Resources Bhd (KL:EITA) has secured a contract worth RM20.5 million for the supply and delivery of busway systems for a data center project in Indonesia. The contract was accepted by its wholly-owned subsidiary, Furutec Electrical Sdn Bhd, with execution scheduled from June to September 2026. Eita Resources' businesses encompass elevator system manufacturing and maintenance, sales of electrical and electronic components, electrical and security system solutions, and distribution of fire-resistant cables.

Infomina Bhd (KL:INFOM) has secured a contract worth RM21.13 million from the Road Transport Department (JPJ) to provide technical infrastructure operations, maintenance, and support services. The contract covers the maintenance and technical support of ICT infrastructure and network hardware at over 170 JPJ branches nationwide, for a period of 36 months from August 1, 2026, to July 31, 2029. For the third quarter ended February 28 (Q3 FY2026), Infomina's net profit rose 7.5% to RM8.76 million from RM8.15 million a year earlier, driven by strong contributions from its technical infrastructure operations, maintenance, and support services business. Third-quarter revenue surged 50.43% to RM75.89 million from RM50.45 million, supported by growth in both core business segments.