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


  • Banking,Construction
  • Monday, 06 Nov 2017

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.
 

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