Pesona Metro bags RM155m job to build 28-storey condominium in Cyberjaya

• Pesona Metro said its wholly owned unit Pesona Metro Sdn Bhd accepted the letter of award for this project, which has a duration of 24 months commencing from Oct 25, from ONG&ONG 360 Consultancy Sdn Bhd.

KUALA LUMPUR (Oct 12): Pesona Metro Holdings Bhd’s unit has secured a RM154.67 million contract for the main building works of a 28-storey condominium project in Cyberjaya for Lakefront Residence Sdn Bhd, a wholly-owned subsidiary of MCT Bhd.

Pesona Metro said its wholly owned unit Pesona Metro Sdn Bhd accepted the letter of award for this project, which has a duration of 24 months commencing from Oct 25, from ONG&ONG 360 Consultancy Sdn Bhd.

Data from the Companies Commission Malaysia shows that ONG&ONG 360 is involved in the provision of project management, architecture and engineering consultancy services.

ONG&ONG is 51%-owned by Hasbullah Abdullah, 30% by ONG & ONG (Overseas) Pte Ltd, 10% by Yeo Chu Kang, 3% each by Ching Heng Hoe, Ng Cho You and Ahmad Syazli Mat Husin.

Pesona Metro is 58%-controlled by its managing director Wie Hock Beng and his brother Wie Hock Kiong via Sincere Goldyear Sdn Bhd and Kombinasi Emas Sdn Bhd.

MCT, meanwhile, is 66.25%-owned by Philippines real estate developer Ayala Land Inc via Regent Wise Investments Ltd.

Shares of Pesona Metro closed unchanged at 19 sen on Wednesday (Oct 12), valuing the group at RM132.05 million.

MCT closed unchanged as well at 10.5 sen per share, giving it a market capitalisation of RM152.98 million.