YFG bags RM200m job to build apartments in Perak

KUALA LUMPUR (Oct 17): YFG Bhd’s wholly-owned subsidiary YFG Engineering Sdn Bhd has won a RM200 million contract to construct apartment buildings in Perak.

In a bourse filing, YFG said YFG Engineering received the letter of award (LoA) from Pierre Suite (M) Sdn Bhd today for the project, which involves the building, infrastructure and landscaping works of the proposed development in Taiping, Perak.

The project is expected to commence on a date to be notified in writing by Pierre Suite, to be completed within 36 months.   

YFG expects the project to contribute positively to its revenue and earnings for the financial year ending Sept 30, 2018, and beyond. 

At 2.27pm, YFG’s share price was down half a sen at 2.5 sen, valuing it at RM15.23 million. Year to date, the stock is down near 17%. — theedgemarkets.com

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