Digistar secures first construction job

PETALING JAYA: Information and communications technology (ICT) provider Digistar Corp Bhd, which is venturing into the property and construction sector, has secured its first construction job for a RM250mil private financing initiative (PFI) for a Government training centre in Malacca, said sources.

In the tripartite joint venture, Digistar, which has a 40% stake, is partnering a government-linked entity, which holds a 30% stake, and another private construction company, which holds 40%. Funding for the PFI, which is situated on a 40.47ha site in Malacca, has been secured.