The Board of Directors of Fajarbaru Builder Group Bhd (“FBG” or “the Company”) wishes to announce that Fajarbaru Builder Sdn Bhd (“FBSB”), a wholly-owned subsidiary of FBG, together with Avionics Pty Ltd (“APL”), has on 10 July 2023, been awarded a Head Contract (International) Two Phase from Australian Department of Defence, Commonwealth of Australia, in respect of the Planning Phase of the design and construct infrastructure project to redevelop the Australian leased facilities and Malaysian facilities at Royal Malaysian Air Force (RMAF) Base Butterworth, Penang, Malaysia (“Contract”). Arising from the Contract, FBSB and APL have entered into a Joint Venture Agreement (“JVA”) for the design and construct infrastructure project to redevelop the Australian leased facilities and Malaysian facilities at the RMAF Base Butterworth, Penang, Malaysia, including operational and recreational upgrades to airfield pavements, ground lighting infrastructure, drainage, rugby pitch, futsal court and associated infrastructure (“Project”).
Further details on the Contract and the Project are set out in the attachment.
This announcement is dated 10 July 2023.
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