KUALA LUMPUR: Tuju Setia Bhd
's wholly-owned subsidiary Pembinaan Tuju Setia Sdn Bhd has accepted a RM247.95mil contract from Sime Darby Property (SJ7) Sdn Bhd, a unit of Sime Darby Propety Bhd, for the proposed construction of the Hype Residences in USJ 7, Subang Jaya, Selangor.
The group said in a filing with Bursa Malaysia that the project comprises two towers with 35 levels of business service apartments each as well as one mechanical floor and a five-level podium carpark.
There will also be residence facilities and amenities.
The contract is for a duration of 33 months, tentatively scheduled to commence on Aug 22, 2024.
Tuju Setia independent non-executive chairman Tengku Datuk Seri Ahmad Shah Alhaj Almarhum Sultan Salahuddin Abdul Aziz Shah Alhaj is deemed an interested party in the contact as he is also a non-independent non-executive director of Sime Darby Property.
