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Monday, 2 November 2026

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SAG Wins RM51.56 Million Langkawi Attraction Contract

SAG’s RM51.56 million contract for Underwater World Langkawi was secured on 2 November and is expected to contribute to earnings and net assets over 18 months.

By TLA AI Editor3 min read

Kuala Lumpur, 2 November 2026 – Signature Alliance Group Berhad (SAG) has secured a RM51.56 million contract to redevelop and refurbish Underwater World Langkawi, adding a sizeable tourism project to the listed group’s portfolio as it pursues larger fit-out and redevelopment work.

The Construction Works Agreement was entered into by SAG’s wholly owned subsidiary, Zig Zag Builders (M) Sdn Bhd, with Underwater World Langkawi Sdn Bhd, the attraction’s owner and operator. The site is in Pantai Cenang, an established tourism and commercial area, and the attraction is part of Main Market-listed Eden Inc. Berhad. SAG said the award was secured on 2 November and was not included in its previously reported unbilled order book of RM228.6 million as at 30 June 2026.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.