Business

Xin Hwa bags RM21mil contract related to S’pore infrastructure project

KUALA LUMPUR: Integrated logistics services provider Xin Hwa Holdings Bhd’s unit Xin Hwa Trading & Transport Sdn Bhd has secured a RM21.5mil contract from BD Cranetech Pte Ltd to transport pre-cast element for the construction of rail and bus depot and reception tunnels in Singapore.

In a statement, managing director Ng Aik Chuan said the contract was a testament to the company’s expertise and capability in transportation of precast structures.

“We have proven track record in transporting pre-cast structures for numerous infrastructure projects in Malaysia and Singapore for the past 10 years,” he said.

He said the four-year contract would run from November 2017 to October 2021.

“It is expected to contribute positively towards the group’s earnings for the financial year ending March 31, 2018,” he said.

Meanwhile, Ng said, the company’s new 180,000 sq ft warehouse in Pasir Gudang was near completion and would commence operations soon.

“Upon completion, we will have about 584,000 sq ft of warehousing space,” he said. – Bernama