5 days ago
- Business
- 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.
