HSL bags Petronas MRSM contract worth RM101.19 mln

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File photo of Hock Seng Lee Bhd’s office in Kuching.

KUALA LUMPUR: Hock Seng Lee Bhd (HSL) secured a contract for the construction and completion of a Mara Junior Science College (MRSM) in Bintulu, Sarawak worth RM101.19 million from Petronas.

In a filing to Bursa Malaysia, HSL said the project is a part of Petronas’ corporate social investment and KLCC Projeks Sdn Bhd is the project manager.

“The project covers a 16.19-hectare site of hilly terrain and the scope of works for include piling, earthworks, infrastructure works (including retaining structures), building works for academic purposes, administration, student hostels and related amenities, as well as the associated mechanical and electrical works,” it said.

The contract period is 36 months and physical construction work is expected to commence in September 2018.

“The contract is expected to contribute positively to the earnings and net assets of HSL Group as the project progresses during the contract period. However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL.”

This adds to the RM3 billion worth of projects HSL has in hand. – Bernama