KUALA LUMPUR: Shares in Cabnet Holdings Bhd rose in early trade Thursday after securing a RM7.8mil contract. The building management solution provider added 2.13%, or 0.5 sen to 24 sen. Cabinet-WA rose 12.5%, or 0.5 sen to 4.5 sen. Cabnet’s wholly-owned subsidiary Itwin Technology Sdn Bhd has accepted a RM7.8mil subcontract from Pembinaan Tuju Setia Sdn Bhd appointing Itwin as the subcontractor for the supply, installation, testing and commissioning of Information & Communication Technology (ICT) works for Kajang Hospital, Selangor. The date of completion for the subcontract will be June 22, 2021. Itwin’s scope shall be for works to be undertaken for the hospital block, car park block and mechanical and electrical block of the Kajang Hospital. The subcontract is expected to contribute positively to the group’s earnings and net assets per share for financial years ending Dec 31, 2021 assuming no material delay in the timing.
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