KJTS Secures RM6.6 Million Contract With Syarikat Takaful Malaysia Keluarga Berhad

KUALA LUMPUR, 20 MARCH 2024 – KJTS Group Berhad (“KJTS” or the “Company”), a building support services provider in Malaysia, Thailand and Singapore, is delighted to announce that the Company’s wholly-owned subsidiary, KJ Technical Services Sdn. Bhd. (“KJTSSB”), has been awarded a recurring contract in nature by Syarikat Takaful Malaysia Keluarga Berhad (“STMKB”) for the replacement of the chiller system (“Retrofit Works”) and the provision of subsequent operation and maintenance services (“O&M Services”) at Menara Takaful Malaysia, located in the heart of Kuala Lumpur.

Under the terms of the contract accepted on 19 March 2024, KJTSSB will undertake Retrofit Works over an eight-month period, followed by a decade-long commitment to O&M Services, enhancing the sustainability and efficiency of the building’s cooling infrastructure.

The contract is valued at a total of RM6.6 million, with RM3.0 million allocated for the Retrofit Works, payable in eight monthly instalments. The O&M Services are valued at RM3.6 million, with payments stretched over the ten-year service period.

The Retrofit Works have commenced on 1 March 2024 and are anticipated to complete by 31 October 2024, ensuring minimal disruption and maximum efficiency in the upgrade process. The O&M Services are set to begin on 1 November 2024, and are anticipated to complete by 31 October 2034, underscoring KJTSSB’s long-term commitment to maintaining optimal operational standards for Menara Takaful Malaysia.

Mr. Sheldon Wee, Executive Director of KJTS, is thrilled about the new contract and sees this collaboration with Syarikat Takaful Malaysia Keluarga Berhad as an achievement for KJTS Group. "This partnership underscores KJTS Group proficiency and dependability in delivering building support services. We believe that this collaboration is an example of how cooling energy management contracts can be secured without requiring capital expenditure by KJTS Group."

KJTS Group Berhad looks forward to a successful partnership with STMKB, delivering excellence in Retrofit Works and O&M Services, and continuing to contribute to the efficiency and sustainability of Malaysia's building infrastructure.