SOUTHERN region-based builder Haily Group Bhd through its wholly owned subsidiary Haily Construction Sdn Bhd has secured two new letters of award (LOAs) with a combined value of RM80.3 mil from Mah Sing Group Bhd’s wholly own subsidiary Meridin East Sdn Bhd.
The awards consist of RM31.3 mil and RM49.0 mil in contracts covering the construction and completion of 368 landed residential units, including show units and a Tenaga Nasional Bhd (TNB) substation within Mah Sing’s flagship Meridin East township in Pasir Gudang, Johor.
“These latest wins reflect the trust that Mah Sing continues to place in Haily’s project delivery capabilities,” commented Haily’s founder and executive director See Tin Hai.
“We’re grateful for the opportunity to continue contributing to Meridin East and remain committed to delivering quality, safety and timely completion for all awarded works.”
As it is, Haily’s order book has grown by RM80.3 mil to about RM1.23 bil, hence strengthening the group’s revenue visibility over the next 15 to 18 months.
In fact, all its new projects have further expanded Haily’s position within large-scale, multi-phase township developments – a core growth driver for the group.
More broadly, they will also strengthen Haily’s presence in Johor’s residential construction market by further showcasing the group’s ability to support large-scale township developments led by tier-one property developers.
“These repeat awards reflect the trust placed in our workmanship, consistency and compliance with quality and safety standards,” enthused See.
“As Meridin East continues to scale into one of Johor’s most significant township developments, we’re committed to supporting its long-term vision with timely, high-quality delivery.”
The new project awards further position Haily to benefit from Johor’s continued transformation and the spill-over from major catalysts such as the Johor–Singapore Special Economic Zone (JS-SEZ), the Johor Bahru-Singapore Rapid Transit System (RTS) and expanding industrial activity in Pasir Gudang.
The contracts are expected to contribute positively to Haily’s financial performance for the financial years ending 2025 and 2026.
At the close of today’s (Nov 19) market trading, Haily was up 0.5 sen or 2.33% to 22 sen with 281,100 shares traded, thus valuing the company at RM93 mil. – Nov 19, 2025
