Tanco Holdings, CNECC Malaysia win RM 700 million warehouse construction contract in Selangor

Bitget2026/11/05 05:37

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Tanco Holdings’ Tanco Builders and CNECC Engineering (Malaysia) accepted a RM 700 million warehouse construction award on November 5, 2026.
Jaroses Partners awarded the contract for an industrial warehouse complex in Pulau Indah, Selangor, including ambient and cold-storage facilities.
Earthworks are due within six months of commencement; building works have an 18-month completion period, with starts contingent on regulatory approvals.
Tanco’s revenue recognition and financial exposure are limited to Tanco Builders’ pre-agreed fixed entitlement, rather than the gross contract value.
CNECC Malaysia will bear project execution costs and liabilities beyond Tanco Builders’ capped exposure under their consortium agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tanco Holdings Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3722304) on November 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tanco Holdings, CNECC Malaysia win RM 700 million warehouse construction contract in Selangor

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