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TXCD Unit Bags MYR57 Million Construction Deals; Shares Gain 4%

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TXCD (KLSE:TXCD) unit Ageson Kensetsu secured two subcontract awards worth a combined 57.1 million ringgit from Sg. Besi Construction for a project in Kuala Lumpur, Malaysia, according to a Wednesday Malaysian bourse filing.

Shares rose about 4% in Thursday's late morning trade.

The contracts cover the construction and completion of the main building, infrastructure and mechanical and electrical works, as well as the supply of concrete, reinforcement bars, cement and M&E equipment.

Work is scheduled to begin on July 1, 2026, and be completed by Sept. 1, 2028.

TXCD expects the deals to contribute positively to the group's future earnings and net assets.

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