FIHB Subsidiary Secures RM46.96 Mln Structural Works Contract

KUALA LUMPUR, Nov 2 (Bernama) -- Federal International Holdings Bhd’s (FIHB) wholly-owned subsidiary, Federal Builders Industries Sdn Bhd, has secured a RM46.96 million contract from Perumahan Masteron Sdn Bhd.

The contract covers structural works for a proposed development in PJ Selatan Sentral, Selangor.

The scope of work involves structural works for the basement, podium, facilities and transfer floor of the proposed development.

In a Bursa Malaysia filing today, FIHB said the contract commences on Nov 16, 2026, and is expected to be completed on Dec 15, 2027.

“The project is expected to contribute positively to the group’s revenue and earnings for the financial year ending June 20, 2027, and thereafter for the duration of the contract,” it said. 

The company also disclosed that the transaction is classified as a Recurrent Related Party Transaction (RRPT) of a revenue or trading nature, as certain directors and major shareholders of FIHB have direct and indirect interests in Perumahan Masteron.

-- BERNAMA