Which subsidiary of Prestar Resources Bhd secured the contracts?

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Prestar Engineering Sdn Bhd Secured the Contracts

Prestar Resources Bhd's wholly-owned subsidiary, Prestar Engineering Sdn Bhd (PESB), has secured contracts valued at RM80 million. These contracts are for the supply of guardrails and accessories for the Pan Borneo Highway project in Sarawak. The agreements and awarded contracts are expected to contribute positively to the company's future earnings for the financial years ending December 31, 2020, and December 31, 2021, or until their respective expiry dates.
Supply Agreements and Contract Awards

PESB entered into two supply agreements with PANSAR Company Sdn Bhd. In addition to these agreements, PESB was also awarded contracts by LTC West Gate Sdn Bhd and Kemakmuran 2000 Sdn Bhd. These collectively cover the provision of guardrails and accessories for various work packages associated with the Pan Borneo Highway project.
Scope and Duration of Supplies

The supplies stipulated under these agreements and contracts are for guardrails and accessories. The expected delivery period extends until December 31, 2021. This ensures a consistent supply chain for a crucial component of the highway's infrastructure development within Sarawak.
The Pan Borneo Highway Project Context

The Pan Borneo Highway is a significant infrastructure initiative connecting Sarawak and Sabah, with links to Brunei and Kalimantan, Indonesia. Construction work on this extensive highway network within Sarawak commenced in 2015. The project aims to enhance connectivity across Borneo.

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Which subsidiary of Prestar Resources Bhd secured the contracts?

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