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Another project that Varia has acquired. They will build a rehabilitation center for SOCSO in Setiu, Terengganu, and the project is worth RM571.8 million! https://theedgemalaysia.com/node/730593
Great! China's logistics industry has steadily recovered in September, and trade between Malaysia and China is active. Hence, the logistics wave is coming
The acquisition of Pembinaan Teguh Maju (PTM) expands Varia's presence in the construction industry, enabling the company to bid for projects worth RM1 billion or more, a significant jump from the previous cap of RM300 million to RM400 million. In addition, the acquisition comes with a profit guarantee of RM120 million over a three-year period, averaging RM40 million per year
