The Board of Directors of KTB announced that Transnational Builder Sdn. Bhd., a wholly-owned subsidiary of KTB, had on 23 September 2022 received a letter of award from Living Stones Development Sdn. Bhd.

for the earthwork, building, internal and major infrastructure works of a Perumahan Rakyat 1 Malaysia (PR1MA) Pahang project and mixed development comprising 162 units of single storey semi-detached houses, 103 units of singe storey terrace houses, 11 units of double storey shophouses on an approximately 34 acres government land at Mukim Penjom, Daerah Lipis, Negeri Pahang for a contract sum of MYR 41,013,661.00 as prescribed in the Letter of Award. The salient terms of the Letter of Award are as follows: Contract Period: The whole of the works shall be completed within twenty-four (24) months from the date of commencement. Date of Commencement: The date of commencement of the relevant works shall be from 1 December 2022.