Protasco scores AFC project worth RM44 million

KUALA LUMPUR (Sept 30): Property developer Protasco Bhd's wholly-owned subsidiary HCM Engineering Sdn Bhd has received a letter of acceptance to design and build an additional four-storey building with basement car park worth RM44 million from Asian Football Confederation.

In Bursa Malaysia's announcement today, Protasco said the building will be located in Bukit Jalil, Mukim Petaling, Kuala Lumpur.

The contract is expected to be completed in 18 months by March 2017.

The group expects the contract to contribute positively to its future earnings.

At the closing of afternoon trade, Protasco shares traded at RM1.62, down 0.61% or one sen, with 258,600 shares done for a market capitalisation of RM547 million.