Nestcon wins RM79.5mil contract in Johor

KUALA LUMPUR: Nestcon Bhd’s wholly-owned subsidiary, Nestcon Infra Sdn Bhd has secured a RM79.5mil contract from Iskandar Capital Sdn Bhd.

In a filing with Bursa Malaysia, Nestcon said the contract was for proposed earthworks and main infrastructure works for the Wawari Phase 1 Township Development in Pulai, Johor.

It said that the possession date would be March 28, 2024, and the overall completion date would be Nov 27, 2025.

Nestcon expects the contract to contribute positively to the net assets per share, earnings per share and the company's gearing throughout the works.