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Nestcon bags RM44.12mil contract in Negeri Sembilan

KUALA LUMPUR: Nestcon Bhd's (Nestcon) subsidiary, Nestcon Borneo Sdn Bhd (Nestcon Borneo), won a RM44.12 million sub-contract from Matrix Excelcon Sdn Bhd. In a Bursa Malaysia filing today, Nestcon said Nestcon Borneo had accepted the letter award from Matrix Excelcon for a works sub-contract in Negeri Sembilan. It said the contract was for site clearing and earthworks for a 559.28 hectares mixed development in Seremban, Negeri Sembilan. "The contract shall commence on May 15, 2025, and the overall completion period shall be 32 months, and the completion date shall be Jan 14, 2028," it said. Nestcon said the contract is expected to contribute positively to the net assets per share, earnings per share and gearing of the company.