KUALA LUMPUR (Nov 3): Gadang Holdings Bhd said it is currently bidding for RM5.2 billion worth of projects, including several packages of the Mass Rapid Transit 2 (MRT2) and the new Light Rail Transit 3 (LRT3) projects, to replenish its orderbook. “For FY17, we are still positive in terms of our financials,” said Gadang executive director Kok Pei Ling. “As you know the construction sector is still good, with all the contracts and awards being rolled out. He added that the group is also bidding for package V206 and had just received an invitation to tender for package V205. Khew added that Gadang was also shortlisted for LRT3, with tenders expected to be called sometime in the first quarter of 2017.

Source: The Edge Markets November 03, 2016 08:32 UTC