SunCon gets RM253mil renovation job

RHB Research forecast SunCon's core earnings for the first quarter of 2023 will likely be in the range of RM37mil to RM40mil, higher than the year earlier's RM35mil.

PETALING JAYA: Sunway Construction Group Bhd (SunCon) has accepted a letter of award worth RM253mil from Sunway REIT Management Sdn Bhd for the refurbishment of a shopping complex and cultural/commercial centre in Seberang Perai Tengah, Penang.

In a filing with Bursa Malaysia, SunCon said the project was for a period of 24 months from July 1, 2023 and is expected to be completed by June 30, 2025.