KUALA LUMPUR: Construction companies firm, Tuju Setia Bhd
is tendering for RM2.8 billion worth of projects to construct high-rise and industrial buildings, in addition to hospitals and healthcare amenities.
Despite the upper costs of constructing supplies comparable to metal and concrete, Tuju Setia’s managing director Wee Eng Kong stated there are nonetheless many ongoing tenders for the development of important buildings comparable to residential properties, hospitals and healthcare amenities.
“Our experience is in developing high-rise buildings, particularly these within the vary of reasonably priced to premium residential and industrial buildings strategically situated in areas to fulfil robust demand,” he stated in an announcement right now.
Tuju Setia’s RM1.5 billion present order e-book consists of the latest wins of RM257.0 million Jernih Residence (Kajang) and the RM311.7 million Sunway d’hill Residence (Petaling Jaya).
Other ongoing projects are the Mutiara Central Office Suites (Cheras), Riana Dutamas – Phase 2 (Segambut), Lakefront Condominiums at Emerald Hills (Cheras), TUAI Residence (Setia Alam),The Pulse Residence (Puchong), 121 Residence (Petaling Jaya), One Equine (Seri Kembangan), and the Kajang Women and Children Hospital.
Meanwhile, the corporate’s shareholders had authorised a last dividend of 0.5 sen per share in respect of its monetary yr 2021 (FY2021) efficiency, to be paid on July 20.
Together with the primary interim dividend of 0.5 sen paid on Jan 20, the whole dividend payout in respect of FY2021 quantity to RM3.2 million or 39.0 per cent of FY2021’s internet revenue, exceeding Tuju Setia’s dividend coverage to distribute 25 per cent of its annual internet revenue.
“Going ahead, Tuju Setia will work in direction of sustaining enterprise operations and handle its funds prudently throughout this commodity supercycle interval.
“We hope to maintain building actions at peak ranges and actively take part in tenders to safe new projects,” Wee added. – Bernama
