Kitacon bags RM87.88mil bungalow contract from GLM Emerald
KUALA LUMPUR: Kumpulan Kitacon Bhd's subsidiary Kitacon Sdn Bhd has secured a construction contract worth RM87.88 million from GLM Emerald West (Rawang) Sdn Bhd for main building works.
In a filing to Bursa Malaysia today, the company said the main building works include external, ancillary and infrastructure works for the proposed construction and completion of 106 bungalow units in Rawang, Selangor.
The contract will commence on June 13, 2025, and is scheduled to be completed within 25 months from the start date.
Kumpulan Kitacon expects the contract to contribute to its earnings and net assets per share from the financial year ending Dec 31, 2025 until its completion.
At the time of writing, Kumpulan Kitacon's shares were down 2.03 per cent or 1.5 sen to 72 sen, valuing the company at RM360.33 million.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
4 days ago
- The Star
Kitacon secures RM88mil deal in Rawang
PETALING JAYA: Kumpulan Kitacon Bhd 's wholly-owned subsidiary, Kitacon Sdn Bhd, has secured a construction contract worth RM87.88mil from GLM Emerald West (Rawang) Sdn Bhd. In a filing with Bursa Malaysia yesterday, the contractor announced that the contract involves main building works, including external, ancillary, and infrastructure works for the proposed construction and completion of a development in Rawang, Selangor. The contract is set to begin on June 13, 2025 and will be completed within 25 months from the commencement date. Kumpulan Kitacon expects the contract to contribute positively to its earnings and net assets per share from the financial year ending Dec 31, 2025, onwards until its completion. The company said the risk factors affecting the contract includes changes in economic, political and regulatory environment and operational risks such as completion risk and shortage of materials and skilled labour which the group would take appropriate measures to minimise.
New Straits Times
4 days ago
- New Straits Times
Kitacon bags RM87.88mil bungalow contract from GLM Emerald
KUALA LUMPUR: Kumpulan Kitacon Bhd's subsidiary Kitacon Sdn Bhd has secured a construction contract worth RM87.88 million from GLM Emerald West (Rawang) Sdn Bhd for main building works. In a filing to Bursa Malaysia today, the company said the main building works include external, ancillary and infrastructure works for the proposed construction and completion of 106 bungalow units in Rawang, Selangor. The contract will commence on June 13, 2025, and is scheduled to be completed within 25 months from the start date. Kumpulan Kitacon expects the contract to contribute to its earnings and net assets per share from the financial year ending Dec 31, 2025 until its completion. At the time of writing, Kumpulan Kitacon's shares were down 2.03 per cent or 1.5 sen to 72 sen, valuing the company at RM360.33 million.
The Star
4 days ago
- The Star
Kumpulan Kitacon secures RM87.88mil contract in Rawang
KUALA LUMPUR: Kumpulan Kitacon Bhd 's wholly-owned subsidiary, Kitacon Sdn Bhd, has secured a construction contract worth RM87.88mil from GLM Emerald West (Rawang) Sdn Bhd. In a filing with Bursa Malaysia, Kumpulan Kitacon announced that the contract involves main building works, including external, ancillary, and infrastructure works for the proposed construction and completion of a development in Rawang, Selangor. The contract is set to begin on June 13, 2025 and will be completed within 25 months from the commencement date. Kumpulan Kitacon expects the contract to contribute positively to its earnings and net assets per share from the financial year ending Dec 31, 2025, onwards until its completion.
