CITAGLOBAL BAGS TWO CONSTRUCTION JOBS WORTH RM82.72 MLN

KUALA LUMPUR, Dec 22 (Bernama) -- Citaglobal Bhd’s wholly-owned subsidiary, Citaglobal Land Sdn Bhd, has accepted two construction contracts from UDA Land (South) Sdn Bhd and the Public Works Department (JKR) totalling RM82.72 million.

In a filing with Bursa Malaysia today, it said the contract from UDA Land, worth about RM62.42 million, is for the main infrastructure works comprising earthworks, roadworks, electrical infrastructure, main sewerage system, main water reticulation system, and other associated works in UDA Enclave (Zone B), Bandar UDA Utama in Johor Bahru.

“Meanwhille, the contract from JKR, valued at about RM20.30 million, involves the Labuan Jetty Upgrading Project, and will be completed within 120 weeks from the date of possession of the site, with target completion in April 2028,” it said.

Citaglobal said the contracts will further increase the order book of the company and its subsidiaries to approximately RM1.8 billion, based on the group’s outstanding order book of RM1.1 billion as of September 2025.

“The contracts will not have any effect on the issued share capital and the shareholdings of the substantial shareholders of the company but are expected to contribute positively to the earnings, earnings per share and net assets of the group during the duration of the contracts,” it added.

In a separate statement, Citaglobal executive chairman and president Tan Sri Mohamad Norza Zakaria said these projects reflect the trust placed in the company to deliver infrastructure that matters to communities and supports economic activity.

“Across transport, water, urban development, and renewable energy, our priority remains on delivering work responsibly and consistently, while building a resilient and diversified infrastructure platform for the long term,” he added.

-- BERNAMA