KUALA LUMPUR: ML Global Bhd has secured a RM149.3mil contract from sister company Casa Inspirasi Sdn Bhd (CISB) to build units under a mixed development project in Cameron Highlands, Pahang.
In a statement to the stock exchange, the roof tile maker-turned-construction firm said its unit MITC Engineering Sdn Bhd had accepted a letter of award from CISB which, like ML Global, is a subsidiary of LBS Bina Group Bhd
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The proposed mixed development project in Tanah Rata comprises 58 units of shop office, a one-storey supermarket, nine-storey hotel building with 158 rooms, and two to three-storey car park.
ML Global said it would complete the construction work in 36 months, i.e. by October 2020.
“With the contract in hand, the group’s current outstanding order book is of approximately RM2.12bil,” it said.
Tan Sri Lim Hock San is the group managing director of both ML Global and LBS Bina Group, and is a major shareholder of the latter.
Datuk Wira Lim Hock Guan is an executive director of both companies also as well as being a major shareholder of LBS Bina Group.
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