Kitacon Awarded RM135m Contract From Tropicana Alam

The Malaysian Reserve ·  Apr 16 18:01

Kitacon Bhd said that its subsidiary, Kitacon Sdn Bhd, has been awarded a letter of award (LOA) for the primary building works of a project valued at RM134.8 million in Ijok, Selangor.

The LOA was granted by Tropicana Alam Sdn Bhd for the construction and completion of Phase 1 (Avisa) of the project.

Phase 1 (Avisa) includes the construction of 399 units of 20' x 70' double-storey terrace houses, 32 units of 22' x 70' double-storey terrace houses, and three double-chamber TNB substations located at Lot 33962 (Plot C), Persiaran Puncak Alam 6, 42300 Bandar Puncak Alam, Mukim Ijok, Daerah Kuala Selangor, Selangor.

The contract, spanning 22 months, is set to commence on April 18 of this year.

Kitacon anticipates a positive contribution to its earnings from the financial year ending Dec 31, 2024, throughout the duration of the contract.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment