PETALING JAYA: Construction outfit Kumpulan Kitacon Bhd
has secured a project from Sime Darby Property Bhd to build 14 factories, a main switch station and two distribution substations for RM54.9mil.
The company said in a stock exchange filing that the project, located at Taman Perdagangan Elmina, Selangor, would commence on Nov 30 and take approximately 22 months to complete.
It shared that the contract involves 14 two-storey detached factories, together with one refuse chamber and one electric vehicle charging bay each.
It noted that the contract would contribute positively to the earnings and net assets of the company for the financial years ending Dec 31, 2027, onwards until the project’s completion.
