DBhd wins car park management contract in S’pore

  • Business
  • Friday, 14 Jul 2017

PETALING JAYA: Damansara Realty Bhd’s (DBhd) unit has won a five-year car park management contract worth a total of S$18.14mil (RM56.6mil) in Singapore.

The property developer and facilities management company said in a statement yesterday that its indirect subsidiary, Metro Parking (Singapore) Pte Ltd (MPS), had received a letter of acceptance from the Singapore Sports Council (SSC) to operate and manage car parks at SSC’s sports centres. MPS is a 70%-owned subsidiary of Metro Parking (M) Sdn Bhd, which, in turn, is a wholly owned subsidiary of DBhd.

DBhd said the contract duration was for five years, starting from Sept 1 this year.

“The contract will contribute to group revenue for the financial year ending Dec 31, 2017,” DBhd said.

The company’s shares gained four sen to close at 58 sen yesterday.

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