PETALING JAYA: Silver Ridge Holdings Bhd (SRHB) has accepted contracts worth a total of RM2.49mil for the construction of three two-storey shophouses in Kapar, Selangor.
In a filing, the group said its wholly owned subsidiary, Ingress Delta Construction Sdn Bhd, received letters of award from the respective owners for design-and-build works, which include demolition and main building construction. The projects involve properties located at Lots 44, 45 and 46 in Mukim Pekan Kapar.
Construction commenced on April 15, 2026, and is scheduled for completion by July 14, 2028.
SRHB said the contracts fall within its ordinary course of business and are expected to contribute positively to earnings for the financial years ending June 30, 2027 and June 30, 2028.
The group noted that the contracts will not have any material impact on its share capital, shareholding structure, net assets or gearing.
Barring normal operational risks, the board does not foresee any significant risks arising from the projects and considers them to be in the best interests of the group.