Mitrajaya wins RM265.87mil construction contract

PETALING JAYA: Mitrajaya Holdings Bhd has secured a contract for the construction and completion of two blocks of housing apartments and ancillaries at Bandar Tun Razak, Kuala Lumpur, for RM265.87mil.

In a filing with Bursa Malaysia yesterday, the group said its wholly owned subsidiary, Pembinaan Mitrajaya Sdn Bhd, had on Dec 8, 2022, accepted and executed the letter of acceptance on the contract awarded by the Retro Highland Sdn Bhd dated Dec 5, 2022.

“The contract is for a duration of 40 months from the date for possession of the site on Dec 15, 2022 and is expected to be completed by April 14, 2026.

Mitrajaya said the contract is expected to contribute positively to the earnings and net assets of the group for the financial years ending Dec 31, 2023 to 2026.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Mitrajaya , construction , apartments


Next In Business News

Exciting deals at Sunway Theme Parks Mega Roadshow
CPO futures likely to trade in yo-yo mode next week
Maybe Apple’s weakness isn’t just supply chain woes
Good news for the global economy
BP, Chubu Power to study CCS project at Nagoya
Short Position: Private equity exits, Managing cyber threats, Don’t kick the can down the road
Bonds surge as traders call time on hikes
Central banks continue fight against inflation
Defining market manipulation
Lee Chun Fai redesignated as IJM CEO and MD

Others Also Read