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Affin Bank confirms award of RM505m contract for TRX HQ

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KUALA LUMPUR (Sept 5): Affin Bank Bhd confirmed today it has awarded a RM505 million contract to IJM Corp Bhd for the construction of its 47-storey headquarters at Tun Razak Exchange (TRX) here.

In a filing with Bursa Malaysia today, Affin Bank said it has issued a letter of award to IJM Construction Sdn Bhd, a wholly-owned subsidiary of IJM Corp, for the proposed project.

IJM Construction has accepted the letter of award yesterday (Sept 4).

"The duration of the project is 26 months and is expected to be completed by December 2020," said Affin Bank.

Affin Bank shares ended the morning session unchanged at RM2.40 today, with 28,300 shares done, for a market capitalisation of RM4.66 billion. Shares in IJM Corp, meanwhile, were down 3 sen or 1.57% at RM1.88, with 1.29 million shares traded, valuing it at RM6.83 billion.

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