KUALA LUMPUR: Kumpulan Kitacon Bhd
’s wholly owned subsidiary, Kitacon Sdn Bhd, has secured a RM99.28mil construction contract in Cyberjaya, Selangor, from ParkCity Botanika Sdn Bhd.
Kumpulan Kitacon, in a filing with Bursa Malaysia, said the contract entails main building works, including ancillary structures.
The job involves the construction and completion of 128 units of three-storey strata terraced houses, 19 units of strata terraced houses with covered parking, as well as ancillary facilities including a guardhouse, electrical substation and amenities space.
The project is scheduled to commence on May 2, 2026 and will be completed within 24 months.
Kitacon said the contract is not expected to have any effect on its share capital or shareholding structure.
“The contract, however, is expected to contribute positively to the earnings and net assets per share of Kumpulan Kitacon for the financial years ending Dec 31, 2026 onwards until its expiry,” it said.
