Aneka Jaringan Holdings Berhad (“Aneka Jaringan” or the “Group”; Bursa: ANEKA, 0226), a basement and foundation construction specialist, is pleased to announce that its wholly-owned subsidiary, Aneka Jaringan Sdn. Bhd. (“AJSB”), has received and accepted a Letter of Award (“LOA”) valued at RM26.20 million (exclusive of Construction Service Tax) from WDA Architects Sdn. Bhd. for and on behalf of Exsim YKS 54 Sdn. Bhd. to undertake earthworks, piling and pile caps, retaining wall and substructure works for a proposed high-rise serviced apartment development along Jalan Yap Kwan Seng, Kuala Lumpur.
The proposed development comprises a 53-storey serviced apartment development with 394 units, together with car parking facilities, public amenities, M&E and service areas, a strata office unit and supporting facilities. Located at Lot 54, Jalan Yap Kwan Seng, the project further strengthens Aneka Jaringan’s portfolio of complex foundation and substructure works within Kuala Lumpur’s urban construction market.
The contract commenced on 15 September 2026 and is targeted for completion by 14 August 2028. The contract is expected to contribute positively to the Group’s consolidated earnings and net assets for the financial years ending 31 August 2027 and 31 August 2028 during the duration of the works.
Pang Tse Fui, Managing Director of Aneka Jaringan, said,
“This contract reflects continued confidence in our capabilities to undertake complex piling, foundation and substructure works for high-rise developments. The project also adds to our presence within Kuala Lumpur’s urban construction market, where demand for specialised foundation solutions remains relevant.
We remain focused on disciplined execution, strong safety standards and timely delivery as we continue to strengthen our project portfolio and create sustainable value for our stakeholders.”
The Group will continue to selectively pursue opportunities across residential, commercial, infrastructure and other high-growth construction segments, leveraging its established expertise in basement, piling and foundation works.
Aneka Jaringan remains focused on maintaining operational discipline and securing projects with favourable commercial terms to support sustainable revenue and earnings visibility.
