BUSINESS

NESTCON UNIT BAGS RM190 MLN CONDOMINIUM CONSTRUCTION CONTRACT

26/05/2023 07:40 PM

KUALA LUMPUR, May 26 (Bernama) -- Nestcon Bhd’s wholly owned subsidiary Nestcon Builders Sdn Bhd has secured an award from Nescaya Etika Sdn Bhd for the construction and completion of a 40-storey condominium in Kuala Lumpur for RM190 million.

In a filing with Bursa Malaysia today, the construction engineering company said the overall completion for the contract works would be within 28 months, with June 1, 2023, being the date of site possession.

It said that the project is expected to be completed on Sept 30, 2025.

“The acceptance of the letter of award by Nestcon Builders to undertake the contract works is expected to contribute positively to the net assets per share, earnings per share and gearing of the company throughout the duration of the contract works,” it said.

-- BERNAMA

 

 


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy