CEO Morning Brief

Pasukhas Accepts Increase in Contract Value for Construction Project in Penang

Publish date: Fri, 24 Mar 2023, 08:39 AM
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TheEdge CEO Morning Brief
Pasukhas accepts increase in contract value for construction project in Penang

KUALA LUMPUR (March 23): Pasukhas Group Bhd said the value of the contract the group won last year to undertake concrete substructure works for the head building of
the Dexcom Malaysia Factory 3 project in Penang has been increased to RM12.7 million from RM7.08 million.

The group said in a bourse filing that it has accepted an amendment to its agreement with Exyte Malaysia Sdn Bhd to revise the contract value agreed to in August 2022.

Another amendment involved the final acceptance date being extended to June 30 from Jan 9.

Pasukhas' share price closed 0.5 sen or 50% higher at 1.5 sen, giving the group a market capitalisation of RM21.43 million.

Source: TheEdge - 24 Mar 2023

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