KUALA LUMPUR: Nestcon Bhd
has secured a RM74.52mil contract from Exsim MX4 Sdn Bhd to build a 28-storey affordable apartment block in Kwasa Damansara, Selangor.
In a filing with Bursa Malaysia, the construction group said its wholly owned subsidiary, Nestcon Builders Sdn Bhd, accepted the letter of award on Aug 3.
The contract covers the construction of a 28-storey affordable apartment at Jalan Tasik Kenyir U4/21A, Kwasa Damansara, Shah Alam.
Construction will commence immediately and is scheduled for completion within 29 months, with the project expected to be completed by Jan 2, 2029.
Nestcon said the contract is expected to contribute positively to the group's earnings per share, net assets per share and gearing over the duration of the project.
