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PETALING JAYA (Aug 14): ETA Group Bhd, formerly known as Rex Industry Bhd, has secured two construction contracts worth a combined RM13.17 million to design and build industrial factory and warehouse buildings in Rawang, Selangor.
The group said in a Bursa Malaysia filing on Thursday (Aug 13) that its wholly owned subsidiary ETA Design & Build Sdn Bhd (ETA D&B) had entered into separate construction agreements with Eckem Sdn Bhd and Entire Concept Sdn Bhd, both wholly owned subsidiaries of ACE Market-listed Eckem Holdings Bhd.
Each contract is valued at RM6.59 million and relates to a 4,779 sq m (1.18-acre) freehold parcel in Mukim Rawang, Gombak. The respective sites are held under HS(D) 89999, PT 49863 and HS(D) 90000, PT 49864.
Under each agreement, ETA D&B will design and build a single-storey factory attached to a double-storey warehouse, together with a single-storey office and a single-storey mechanical and electrical (M&E) floor.
Each development will have a total built-up area of about 39,574 sq ft, together with a refuse chamber and guard house. The scope of works includes the design, engineering, procurement and construction of the buildings.
24-month contract period
The contractual commencement date for each contract is Aug 13, with completion due within 24 months, subject to any extension of time granted under the agreements.
ETA said the contracts are among the first substantial jobs secured by ETA D&B, which was incorporated in September 2025 as the group's dedicated design-and-build vehicle for its property and construction segment.
The group has diversified beyond its food manufacturing and distribution business into property development, property investment and management, as well as construction and construction-related activities. It said the contracts would help ETA D&B establish a track record and build its order book in the design and build of industrial properties.
The contracts are not expected to have a material effect on the group's earnings and earnings per share for the financial year ending Dec 31, 2026. Barring unforeseen circumstances, ETA expects them to contribute positively to earnings over the duration of the works, beginning in the current financial year.
The works will be funded through internally generated funds and/or bank borrowings. The contracts do not require shareholder or regulatory approval, and ETA said none of its directors, major shareholders or persons connected to them has any direct or indirect interest in the contracts.
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