TCS Group Holdings Bhd’s (TCS) wholly-owned subsidiary, TCS Construction Sdn Bhd, has secured a RM323 mil contract from Cosmowealth Housing Development Sdn Bhd, a subsidiary of Mah Sing Group Bhd.
The contract is for the main building works of two blocks of 57-storey serviced apartments with 799 units each, 10-storey elevated car park, one level of underground car park, and one level of facility floor for M Arisa development in Kuala Lumpur.
According to TCS Group managing director Tee Chai Seng, the overall duration of the contract was 36 months commencing from the date of site possessions.
“The group remained positive on its outlook underpinned by the gradual recovery of the construction sector, an improved order book, as well as its active participation in tenders for both building construction and infrastructure segments,” he said in a statement today. – Oct 7, 2020