Federal International wins RM46.96m PJS 5 job from Masteron
- Federal International's unit Federal Builders Industries won a RM46.96 million structural works contract at PJ Selatan Sentral, PJS 5.
- The client, Perumahan Masteron, is connected to the Choy family, who control Federal International.
- The work runs from 16 November 2026 to 15 December 2027.
What contract did Federal International win at PJ Selatan Sentral?
A RM46.96 million contract for structural works to the basement, podium, facilities and transfer floor, accepted on 2 November 2026.
Is Federal International's PJS 5 contract a related-party deal?
Yes. The client, Perumahan Masteron, is connected to the Choy family, who are directors and/or shareholders of Federal International; it falls under a shareholder-approved mandate.
Federal International Holdings Bhd's unit Federal Builders Industries Sdn Bhd accepted a RM46.96 million contract on 2 November 2026 for structural works at PJ Selatan Sentral, PJS 5, Petaling Jaya. The client, Perumahan Masteron Sdn Bhd, is a related party.
The job
- Site: PJ Selatan Sentral, PJS 5, Mukim Petaling, Daerah Petaling, Selangor
- Scope: structural works for the basement, podium, facilities and transfer floor
- Price: RM46,959,692
- Timing: 16 November 2026 to 15 December 2027 (13 months)
- Earnings: positive from the year ending 30 June 2027, the company said
The related party
The Choy family, who are directors and/or shareholders of Federal International, are connected to Perumahan Masteron and are deemed interested in the contract. It falls under the mandate for recurring related-party trades that shareholders approved at the annual general meeting. Federal International, formerly Federal Furniture Holdings, bought its Masteron construction arm, Pembinaan Masteron Sdn Bhd, in 2016 and 2018.
Masteron is also developing VTown, a 20.97-acre mixed development in PJS 5, EdgeProp reported in September; the filing does not say whether this contract is part of it.
- Bursa Malaysia — Federal International: award of contract for structural works at PJ Selatan Sentral, PJS 5 (Perumahan Masteron) (2 Nov 2026)
- Bursa Malaysia — Federal Furniture Holdings: acquisition of the remaining 40% of Pembinaan Masteron Sdn Bhd (2018) (26 Apr 2018)
- EdgeProp — Hero Market set to anchor Masteron's 20.97-acre VTown in PJ (12 Sep 2026)
Facts summarised in our own words, with our own analysis added.
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