Sunway Geotechnics (M) Sdn Bhd, a wholly-owned subsidiary of Sunway Construction Sdn Bhd, which in turn is a wholly-owned subsidiary of Sunway, had on 2 December 2009, accepted the letter of award for a contract worth RM23.438 million from Damansara Assets Sdn Bhd for piling and substructure works (Phase B & C) on Lot 14530, Jalan Tun Abdul Razak, Johor Bahru.
The Proposed Project is targeted to be fully completed on 31 May 2010 with a construction period of 6 months.
The Proposed Project is subject to certain risks in the property and construction sector in Malaysia. These include changes in general economic conditions such as but not limited to inflation, taxation, interest rates, constraints in labour and material supply. The experience and expertise that Sunway Construction Sdn Bhd and Sunway Geotechnics (M) Sdn Bhd have in construction projects in Malaysia provide assurance in mitigating the execution risks.
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