Nestcon unit bags RM190mil condominium construction contract


KUALA LUMPUR: Nestcon Bhd’s wholly owned subsidiary Nestcon Builders Sdn Bhd has secured an award from Nescaya Etika Sdn Bhd for the construction and completion of a 40-storey condominium in Kuala Lumpur for RM190 million.

In a filing with Bursa Malaysia today, the construction engineering company said the overall completion for the contract works would be within 28 months, with June 1, 2023, being the date of site possession.

It said that the project is expected to be completed on Sept 30, 2025.

"The acceptance of the letter of award by Nestcon Builders to undertake the contract works is expected to contribute positively to the net assets per share, earnings per share and gearing of the company throughout the duration of the contract works,” it said. - Bernama

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