HSBC Bank M'sia appoints IJM to build its HQ at TRX


FILE PHOTO: HSBC headquarters is seen at the financial Central district in Hong Kong, China September 6, 2017. REUTERS/Bobby Yip/File Photo

KUALA LUMPUR: HSBC Bank Malaysia Bhd has appointed IJM Corp Bhd’s unit IJM Construction Sdn Bhd as the contractor to design and build its headquarters at the Tun Razak Exchange (TRX), Kuala Lumpur.

In a filing with Bursa Malaysia, IJM said the contract, worth RM392mil, did not include lift and facade works.

The company said the 37½-month project was expected to be handed over to HSBC by December 2020.

IJM said besides Tan Sri Tan Boon Seng @ Krishnan, being the common director of HSBC and the company, none of the directors or major shareholders of IJM, or persons connected with them, had any interest, direct or indirect, in the project.

In June this year, HSBC Bank Malaysia said it was investing US$250mil (RM1.06bil) to build its future headquarters office at TRX to develop Malaysia as a financial hub in Asean.

 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit opens higher against US$, other major currencies
KLK's recruitment issues to be short-lived, say analysts
Renewed bets on Fed cuts boost KLCI to 1,600
Wall Street closes higher for third session on rate cut optimism
Trading ideas: Ho Hup, Favelle, KKB, Nice, Sunzen Biotech, Sin-Kung, Ireka, Malaysian Genomics, RHB, Seng Fong
RBA to maintain key rate to restrain price pressures
The Global South and the need for economic growth
Optus names Stephen Rue as new chief executive
ADB gets highest net income allocation in history
Century-old association continues moving with the times

Others Also Read