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Seacera bags RM250 mil PR1MA deal in Rembau

KUALA LUMPUR (Aug 16): Seacera Group Bhd’s 80%-owned subsidiary Spaz Sdn Bhd has won a RM250 million contract to build PR1MA (1Malaysia People’s Housing) homes in Rembau, Negeri Sembilan.
 
The contract, awarded by Wearegold Sdn Bhd, encompasses the construction of 1,572 single and double-storey terraced homes, as well as basic amenities.
 
The completion period is 30 months, Seacera said in its bourse filing today.
 
It added the contract is expected to contribute positively towards its earnings and net assets for financial year ending Dec 31, 2018 (FY18).
 
Wearegold had earlier awarded the job to Practice Note 17 company YFG Bhd at a contract price of RM245 million. However, YFG announced on Monday that Wearegold terminated the contract, due to unforeseen reasons.
 
Seacera shares closed up 2 sen or 1.5% at RM1.35 today, giving it a market capitalisation of RM329.33 million. — theedgemarkets.com

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