Ecobuilt gets RM190mil construction contract

KUALA LUMPUR: Ecobuilt Holdings Bhd’s wholly-owned subsidiary, Rexallent Construction Sdn Bhd has secured a RM190mil construction contract.

In a filing with Bursa Malaysia, Ecobuilt announced that Rexallent accepted the letter of award from Arkitek Kdi Sdn Bhd, appointing it as the contractor for the execution, performance, construction, completion, and maintenance of the main building work.

The contract is expected to be completed within 36 months from Sept 9, 2024, to Sept 8, 2027.

Ecobuilt said the contract is expected to contribute positively to its earnings and net assets for the financial year ending 2024.