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KUALA LUMPUR (June 9): M-Mode Bhd has bagged a RM260.57 million contract to build a 25-storey mixed commercial development at Jalan Tun Fuad Stephens in Kota Kinabalu, Sabah.
In a filing with Bursa Malaysia yesterday, M-Mode said its wholly-owned subsidiary E&J Builders Sdn Bhd has accepted the letter of award from Titijaya PMC Sdn Bhd to appoint E&J as the contractor for the proposed project.
The project is expected to be completed within three years by May 6, 2021.
"The project is expected to contribute positively to the group's earnings and net assets for the financial year ending May 31, 2019," it added.
M-Mode’s share price gained 1.79% or 0.5 sen to close at 28.5 sen yesterday, with 154,900 shares traded, giving it a market capitalisation of RM46.4 million. — theedgemarkets.com
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