PETALING JAYA: Sunway Construction Group Bhd
(SunCon) has accepted work orders from a multinational technology company headquartered in the US in respect of the provision of general contractor works for two projects, worth RM1.16bil.
In a filing with Bursa Malaysia, the company said the works are scheduled to commence immediately, with final completion expected by February 2027.
“The works will not have any effect on the share capital and substantial shareholders’ shareholding of SunCon as it does not involve any allotment or issuance of new shares by SunCon.
“The works are not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of SunCon for the financial year ending Dec 31, 2025.”
However, barring any unforeseen circumstances, SunCon said the works are expected to contribute positively to the earnings of the group for the financial year ending Dec 31, 2025 onwards.
“As of today, SunCon group’s total outstanding order book stands at RM7.9bil. This includes new projects secured to date this year, totaling RM3.5bil, which encompasses the above mentioned works.
