Aneka Jaringan Seals RM22.16 Million Contract For Affordable Housing Project

Group fuels affordable and sustainable urban living through essential construction work for RUMAWIP

KUALA LUMPUR, 6 July 2023 – Aneka Jaringan Holdings Berhad ("Aneka Jaringan" or the “Group") is delighted to announce that its wholly-owned subsidiary, Aneka Jaringan Sdn. Bhd. has accepted a significant award from Coneff Corporation Sdn. Bhd. dated 3 July 2023, to carry out construction works for the Rumah Wilayah Keluarga Malaysia (“RUMAWIP”) project.

The project involves extensive construction responsibilities, including earthworks, piling, pile caps works, and retaining walls for two blocks of RUMAWIP apartments. Consisting of a total of 1,010 units, the project includes a wide range of amenities such as a main lobby, management office, kindergarten, shops, laundry facilities, parking spaces, M&E room, multipurpose hall, facilities podium with a swimming pool, and more.

With a contract value amounting to RM22.16 million, the project is slated to commence on 15 July 2023, with a completion date set for 14 May 2024.

Managing Director of Aneka Jaringan, Pang Tse Fui said, "Our commitment to this project underscores our dedication to enhancing sustainable urban living through affordable housing solutions. As a socially responsible organisation, we understand the importance of quality and affordability in housing. This project, therefore, aligns perfectly with our mission to contribute positively to the communities where we operate."

"We are grateful for this opportunity to work on such a transformative project. Our team is ready to bring its extensive experience and technical expertise to bear, and we look forward to delivering a project that will not only meet but exceed the expectations of all stakeholders."

While the contract will not affect the share capital or shareholding structure of Aneka Jaringan, it is projected to contribute positively to the Group's consolidated earnings and net assets for the financial years ending 31 August 2023 (“FY2023”) and 31 August 2024 (“FY2024”). The initiative resonates with Aneka Jaringan’s objective of sustainable profitability, stakeholder value, and enhancing the quality of urban living through responsible construction practices.

As of today, Aneka Jaringan has secured a total of RM304.9 million in new projects, of which Malaysian operations contributed RM288.6 million, with Indonesian operations contributing RM16.3 million.