• Received letter of award for the construction of M Arisa, a residential project in Sentul Kuala Lumpur.
• Third project secured since its listing in July 2020.
• Management continues to be positive of its prospects in the construction industry.

KUALA LUMPUR, Oct 7 (Bernama) -- Building and infrastructure construction services provider, TCS Group Holdings Berhad’s (“TCS” or the “Group”) (“TCS 集团控股有限公司”) wholly-owned subsidiary, TCS Construction Sdn. Bhd. (“TCSCSB”) has secured a RM323.00 million contract from Cosmowealth Housing Development Sdn. Bhd., a subsidiary of Mah Sing Group Berhad (“Mah Sing”), for main building works of 2 blocks of 57-storey serviced apartments with 799 units each, 10-storey elevated carpark, 1 level of underground carpark, and 1 level of facility floor in Kuala Lumpur known as the M Arisa (the “Contract”).

Managing Director of TCS Group, Dato’ Ir. Tee Chai Seng (“拿督郑再盛”) said, “We are delighted to have bagged our third project since our recent listing on 23 July 2020, which is a testimony to our technical and execution capabilities. In total, we have now won three contracts worth RM537.70 million in the past three months alone.”

“Mah Sing is a multiple award-winning developer and we are honoured to have been awarded the construction works for the M Arisa. We look forward to working closely with them and forge long-term relationship with the team at Mah Sing. We will continue to emphasise on three key focus areas for all our projects - delivering exceptional quality; timely completion; and priority on health and safety at work, fully complying with the stringent Standard Operating Procedures put in place by the authorities during the current pandemic.”

“Meanwhile, we are also pleased with the progress and execution of our expansion plans so far, i.e. growing our building construction activities, expanding our infrastructure construction services, and purchasing machinery and equipment. At the same time, the Group continues participating in more project tenders, especially institutional buildings and infrastructure projects. Moving forward, we remain positive on the Group’s outlook underpinned by the gradual recovery of the construction sector, our improved order book as well as our active participation in tenders for both building construction and infrastructure segments.”

The overall duration of the Contract is 36 months commencing from the date of site possessions.

About TCS Group Holdings Berhad

TCS Group provides construction services for buildings, infrastructure, civil and structural works in Malaysia. Under building construction, the Group has completed various types of residential buildings such as terrace houses, bungalows, high rise apartments and condominium, as well as commercial buildings such as shop offices, a shopping complex and even purpose-built buildings. TCS Group is also involved in civil works such as roads, water and sewerage treatment plants, electrical substations, water tanks and reticulation systems for townships.

For more information please log on to: www.tcsgroup.com.my

Released on behalf of TCS Group Holdings Berhad by Capital Front Investor Relations.

SOURCE: Capital Front Investor Relations

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Kai Khoo
Tel: 012 – 335 7148
Email: kai@capitalfront.biz

--BERNAMA