Sunday, May 20, 2012

Yu family-owned gets RM 1.7 billion contracts in Sarawak

Hock Seng Lee secures RM45.7m Sibu flood mitigation job

KUALA LUMPUR: Hock Seng Lee Bhd (HSL) has secured a RM45.7mil sub-contract for further flood mitigation works in Sibu.
The Sarawak-based company said on Wednesday this was the latest project after it secured a construction contract for a RM10.6mil orphanage complex and a RM16.9mil government office, both in Bintulu.
"Together with the RM82mil 20.2-km road project at Balingian to Jalan Persekutan announced in February 2012, newly secured jobs for 2012 are worth RM155mil," it said.
HSL said that it had procured about RM313mil new projects for 2011, so it is in line to surpass this for 2012.
"The new contracts bring the total value of projects in hand for HSL to RM1.7bil of which some RM1.0bil is outstanding," it said.

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