It was reported that Pansar Bhd has secured a contract for road construction works in Sarawak valued at RM107.5 million, its Bursa Malaysia filing showed on Friday.

The group said its unit, Perbena Emas Sdn Bhd, received the contract from Jabatan Kerja Raya Sarawak.

“The scope of work includes the construction and completion of approach roads, comprising a new JKR R5 standard two-lane carriageway for the Sebuyau and Triso side. The contract period is 32 months and the project is scheduled to commence in December 2023,” it said.

Shares in Pansar closed 0.5 sen or 0.77% lower at 64 sen, giving the group a market capitalisation of RM300.62 million.