Seribu Baiduri is a subsidiary of property developer LBS Bina. For perspective, LBS Bina is also the single largest shareholder of MGB with a 59.8% stake, according to Bloomberg.
PETALING JAYA: MGB Bhd
, a subsidiary of LBS Bina Group Bhd, will see its outstanding orderbook increase to RM1.57bil with its latest contract to build a flyover worth RM53.01mil.
The construction services company told Bursa Malaysia that its wholly-owned subsidiary, MITC Engineering Sdn Bhd, has bagged the contract from Strength Square (M) Sdn Bhd on behalf of Seribu Baiduri Sdn Bhd for the construction of a flyover in Bandar Saujana Putra, Kuala Langat.
