PETALING JAYA: Taghill Holdings Bhd’s wholly-owned subsidiary, Taghill Projects Sdn Bhd, has secured a RM166mil contract from Exsim Waterfront Sdn Bhd for the construction of a commercial development in George Town, Penang.

In a filing with Bursa Malaysia, Taghill said the contract covers the construction and completion of the main building works, comprising 493 serviced apartment units across two towers, 13 shop units, basement and podium car parks, recreational facilities and a link bridge on Level 21.

Construction is scheduled to begin on Jan 18, 2027, with completion expected on Jan 17, 2029, over a 24-month period.

It said the contract carries a performance bond of RM8.3mil, equivalent to 5% of the contract value.

Taghill expects the contract to contribute positively to the group’s earnings and net assets from the financial year ending Nov 30, 2027, throughout the project’s duration.

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