Aneka Jaringan Holdings Berhad (“Aneka Jaringan” or the “Group“; Bursa: ANEKA, 0226), an established 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 RM50.54 million from Clement Chan Architects on behalf of Kuala Lumpur Metro Property Sdn. Bhd. to undertake earthworks, diaphragm wall, piling, and sub-structure works for a proposed mixed development project located along Jalan Sultan Ismail, Kuala Lumpur.
The scope of work encompasses extensive foundational and structural works for a 62-storey serviced apartment and hotel tower situated atop a 10-storey podium, which will house various commercial and hospitality facilities including restaurants, retail spaces, car park levels, and M&E services. This project marks a significant milestone for Aneka Jaringan as it expands its portfolio of high-rise urban developments in key commercial districts.
The construction is scheduled to commence on 2 June 2025 and is expected to be completed by 1 December 2026. The contract is anticipated to contribute positively to the Group’s earnings and net assets for the financial years ending 31 August 2025 through to 2027.
Managing Director of Aneka Jaringan, Pang Tse Fui commented,
“We are honoured to be entrusted with this landmark project in the heart of Kuala Lumpur. This award underscores our proven track record in handling complex, high-density urban developments. With a solid order book and our continuous focus on execution excellence, we are confident this project will further elevate our position in Malaysia’s construction landscape.”
The award brings Aneka Jaringan’s total project wins year-to-date to RM150.06 million as at 15 May 2025. The Group continues to actively pursue strategic opportunities within both the private and public sectors to ensure earnings visibility and long-term growth.
