BUSINESS

Nestcon's Units Bags Rm108 Mln Construction Works

10/01/2024 06:35 PM

KUALA LUMPUR, Jan 10 (Bernama) -- Nestcon Bhd’s wholly-owned subsidiary, Nestcon Builders Sdn Bhd has bagged a contract from Exsim Avenue Sdn Bhd worth RM108 million.

The contract entails earthworks, piling works, main building works and infrastructure works for a 37-storey mixed commercial development, comprising retail shops, a strata office, service apartments and other facilities.

In a filing with Bursa Malaysia, Nestcon said the work is expected to be completed by April 14, 2027 or within such extended date according to the contract.

The contract is expected to contribute positively to the net assets per share, earnings per share and gearing of the company.

-- BERNAMA


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