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DBhd’s subsidiary to manage S'pore sports centres’ car parks


Brian Iskandar says Metro Parking will not venture into new overseas markets in the near term.

Brian Iskandar says Metro Parking will not venture into new overseas markets in the near term.

KUALA LUMPUR: Damansara Realty Bhd ’s 70% owned indirect subsidiary Metro Parking (Singapore) Pte Ltd has secured an S$18.14mil (RM56.54mil) contract to operate and manage car parks at Sport Singapore’s Sport Centres.

In a filing with Bursa Malaysia, DBhd said the contract would be effective on submission of the letter of acceptance and bank guarantee to Sport Singapore (formerly Singapore Sports Council) on Thursday (today) and operation would start on Sept 1 for a period of five years.

   

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