Aneka Jaringan Holdings Berhad (“Aneka Jaringan” or the “Group”; Bursa: ANEKA, 0226), a basement and foundation construction specialist, is pleased to announce that its wholly-owned subsidiary, Aneka Jaringan Sdn. Bhd. (“AJSB”), has received and accepted a Letter of Award (“LOA”) valued at RM53.35 million from EDP Consulting Group Sdn. Bhd. for and on behalf of IOI Rio Mall Sdn. Bhd., IOI Hospitality Sdn. Bhd. and IOI Rio Towers Sdn. Bhd. to undertake the construction and completion of bored piles works for the proposed Rio City Town Centre development in Selangor.
The project is located across Lots 5452 to 5473, 5475 to 5490, 12 and 356 in Mukim Petaling, Daerah Petaling, Selangor Darul Ehsan. Under the contract, AJSB will undertake the bored piling works for the development, further strengthening Aneka Jaringan’s portfolio of foundation construction projects within the Klang Valley.
The contract is targeted for completion by 19 August 2027 and is expected to contribute positively to the Group’s consolidated earnings and net assets for the financial year ending 31 August 2027 during the duration of the works.
Pang Tse Fui, Managing Director of Aneka Jaringan, said, “This contract reflects continued confidence in our capabilities and track record in delivering specialised bored piling and foundation works. The Rio City Town Centre project represents another meaningful addition to our project portfolio within the Klang Valley, and we remain focused on disciplined execution, strong safety standards and timely delivery throughout the contract period.”
He added, “We will continue to selectively pursue projects that align with our technical strengths and offer favourable commercial terms, while maintaining a disciplined approach towards project execution and cost management. This remains important as we continue to strengthen our order book and support sustainable revenue and earnings visibility for the Group.”
Aneka Jaringan will continue to pursue opportunities across residential, commercial, infrastructure and other construction segments, leveraging its established expertise in basement, piling and foundation works. The Group remains committed to maintaining operational discipline and building a sustainable project pipeline to support its long-term growth.
