Exsim Hospitality unit bags RM138 mil nominated sub-contract for MEP, fit-out and building services works

PETALING JAYA (April 18): Exsim Hospitality Bhd's (EHB) wholly-owned subsidiary Exsim Concepto Sdn Bhd (ECSB) has accepted a letter of award from Binastra Builders Sdn Bhd (BBSB) for nominated sub-contract works valued at RM138 million.

In a Bursa Malaysia filing yesterday (April 17), EHB said ECSB had accepted the letter of award dated April 15, 2026 yesterday (April 17). 

The scope of works covers mechanical, electrical and plumbing (MEP) systems, interior design and architecture works, as well as other associated building services works.

BBSB, which awarded the sub-contract, is a general contractor and property developer with a business address in Bukit Jalil, Kuala Lumpur. 

The main contract commenced on Sept 29, 2025 and is scheduled for completion on Feb 28, 2029, spanning 41 months. 

ECSB will carry out the nominated sub-contract works in accordance with the main contract programme prepared by BBSB.

The defects liability period is 27 months from the date of the Certificate of Practical Completion of completed works, or until all defects are made good, whichever is the later.

EHB said the acceptance of the letter of award is expected to contribute positively to the company's net assets per share, earnings per share and gearing throughout the duration of the works. No shareholder or regulatory approval is required.

ECSB is principally involved in providing specialised fit-out services for hospitality property assets and is registered at EXSIM Tower, Millerz Square, Old Klang Road, Kuala Lumpur.

None of EHB's directors, major shareholders or persons connected with them has any direct or indirect interest in the letter of award or the nominated sub-contract works.

Editor's note: Exsim Hospitality Bhd's Bursa Malaysia announcement dated yesterday (April 17), does not disclose the project name or location. This article is for informational purposes only and does not constitute financial or investment advice.

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