PETALING JAYA: Construction services company Tuju Setia Bhd reported net profit of RM3.49 million on a revenue of RM59.29 million in its first quarter.
PETALING JAYA: Construction services company Tuju Setia Bhd has obtained two letters of award (LOA) from Enso Development Sdn Bhd to undertake Package.
The construction company is slated to be listed on the Main Market on May 19.
Managing director Wee Eng Kong said RM32 million of the proceeds will be allocated for capital expenditure to purchase new construction machinery and equipment, and Building Information Modelling (BIM) system software to upskill its design and construction activities.
Tuju Setia is also planning to acquire land and construct new storage facilities for its machinery and equipment and improve the efficiency of maintenance works.
Speaking to reporters at the launch of its prospectus today, Wee said a further RM19 million will be set aside for working capital and RM5 million to defray listing expenses.
KUALA LUMPUR (Feb 18): Construction services company Tuju Setia Bhd has received approval from the Securities Commission Malaysia (SC) to list on the Main Market of Bursa Malaysia Securities Bhd.
In a statement today, Tuju Setia said through its proposed wholly-owned subsidiary Pembinaan Tuju Setia Sdn Bhd (PTS), the firm is involved in the provision of construction services as a main contractor, with experience in commercial, residential, and institutional buildings mainly in Klang Valley.
It added that PTS has core expertise in the construction of high-rise buildings.
Tuju Setia said notable non-residential projects completed include Setia Walk, Setia Sky Residences (Celeste & Divina Tower), TWY Mont Kiara, Geo Bukit Rimau, Top Glove Corporate Office Tower, Menara TCM, and St Joseph’s Institution International School Malaysia (previously Tropicana International School).