Jati Tinggi (KLSE:JTGROUP) subsidiary, Jati Tinggi Holdings accepted a letter of award for a contract worth 72.8 million ringgit, according to a Friday Bursa Malaysia filing.
The contract will cover the design, supply, delivery, installation, testing and commissioning of a cable connection to a consumer landing station for a data center.
The contract runs till Jan. 15, 2027, with the unit required to submit a performance bond equivalent of 5% of the contract sum within two weeks of the award.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.