Saturday, 26 Sep 2020
BUSINESS
15/09/2020 06:43 PM

KUALA LUMPUR, Sept 15 -- MGB Bhd’s (MGB) wholly-owned subsidiary, MGB Construction & Engineering Sdn Bhd (MGB), has accepted a letter of award from Seribu Baiduri Sdn Bhd for a construction contract worth RM231.1 million.

In a filing with Bursa Malaysia today, MGB said the award is for the design, building and maintenance of the proposed development project in Mukim Tanjung Dua Belas, Kuala Langat, Selangor.

The project would include two blocks of 22-storey Rumah Selangorku Idaman MBI consisting of 656 units per block and a kindergarten on the ground floor.

MGB said the contract commencement date is Sept 15, 2020 and the project would be completed by March 14, 2023.

“The contract will increase and enhance the existing order book of the company and its group of companies. With the contract in hand, the group’s current outstanding order book is of approximately RM1.83 billion,” it added.

The contract will have no effect on the issued share capital of the company but it is expected to contribute positively to the earnings and net assets per share of the company.

--BERNAMA

ABOUT US

Malaysian National News Agency
Wisma BERNAMA
No.28 Jalan BERNAMA
Off Jalan Tun Razak
50400 Kuala Lumpur
Malaysia

Tel : +603-2693 9933 (General Line)
Email : helpdesk[at]bernama.com

Categories

General
Business
Sports
Politics
World
Features
Thoughts
Infographics
Videos
Images
Exclusive Press

Copyrights

Disclaimer
Privacy Policy
Security Policy