Tuesday 10 January 2012

Jetson subsidiary awards RM20.9m sub-contract to Lucksoon

KUALA LUMPUR (Jan 10): KUMPULAN JETSON BHD []’s subsidiary has awarded a RM20.90 million sub-contract job for the Ritz Corporate Suites in Kuala Lumpur to Lucksoon Metal Works Sdn Bhd (LMWSB).

Jetson said the sub-contract would involve the internal glazing and façade works for package one which includes the carparks, lobby and one block of 38 level of offices. The overall completion date is Aug 15, 2013.

Jetson said the 70% owned sub-subsidiary, Jetson Lucksoon Sdn Bhd had awarded the contract to LMWSB. LMWSB holds 30% of Jetson Lucksoon. Cha Ti @ Cheah Tai, a director and major shareholder of LMWSB, is also a director of Jetson Lucksoon.

Explaining the rationale in awarding the contract, Jetson said LMWSB is an aluminium specialist and experienced in façade works and it had the factory facilities and equipment to undertake the project.

“By virtue of 30% shareholdings of LMWSB in Jetson Lucksoon, LMWSB will ensure the quality of the works and timely completion of the job,” it said.



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