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- The works are at two 50-storey serviced apartment blocks in Kuala Lumpur for Aricia Sdn Bhd, a subsidiary of Chin Hin Group Bhd.
KUALA LUMPUR (May 5): West River Bhd (KL:WESTRVR), which debuted on the ACE Market on Monday, has secured a RM13.88 million contract from China Railway Engineering Corporation (M) Sdn Bhd, a company primarily involved in trading construction materials and equipment.
In a bourse filing on Monday, the engineering company announced that its wholly owned subsidiary, West River Engineering Sdn Bhd, was appointed as a subcontractor for electrical and generator set installation works at two 50-storey serviced apartment blocks in Kuala Lumpur for Aricia Sdn Bhd, a subsidiary of Chin Hin Group Bhd (KL:CHINHIN).
The main contract is set to be completed within 36 months from the commencement date.
West River noted that the subcontract will be financed through internally generated funds and/or bank loans.
"The subcontract is in line with the company’s expansion of business and strategy to increase the company’s revenue. The group is in the opinion that the subcontract would enhance the current outstanding order book and strengthen earnings visibility for the coming financial years," the bourse filing read.
West River specialises in mechanical-and-electrical engineering, air-conditioning and ventilation systems, and building solutions catering to various sectors, including commercial, industrial and infrastructure industries.
China Railway Engineering's shareholder is China Railway Group Ltd, a publicly listed company and a state-owned enterprise under the administration of the central government of China.
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