Jati Tinggi Unit Bags Two Data Center Contracts Worth MYR23 Million; Shares Up 4%

MT Newswires Live

07/16

Jati Tinggi Group Berhad (KLSE:JTGROUP) said a subsidiary won two contracts worth 22.56 million ringgit for data center projects in Johor, according to a Wednesday filing to the Malaysian bourse.

The first contract, worth 10.56 million ringgit, is for the installation, testing, and commissioning of a 275kV bulk supply connection for a U.S.-based data center at the Nusa Cemerlang Industrial Park, Johor. The project is expected to be completed in 300 days.

The second order, valued at 12 million ringgit, is for the installation, testing, and commissioning of a 275kV bulk supply connection to a Hong Kong-based data center in Iskandar Puteri, Johor. This is scheduled to be completed in 270 days.

The company's shares were up nearly 4% in Thursday's trade.

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