KUALA LUMPUR (June 21): Mitrajaya Holdings Bhd has bagged a RM90 million contract to refurbish a hotel in Putrajaya.

In a filing to Bursa Malaysia, the group said its subsidiary Pembinaan Mitrajaya Sdn Bhd received a letter of award (LoA) from Idaman Putrajaya Sdn Bhd to undertake refurbishment works at the Pullman Putrajaya Lakeside Hotel.

Mitrajaya said the 38-week contract is expected to positively contribute to the group's earnings and net assets for the current financial year ending Dec 31, 2019 (FY19).

"The board of directors of MHB (Mitrajaya Holdings) is of the opinion that the acceptance of the contract is in the best interest of MHB," said the group.

Mitrajaya's share price closed 1.41% or half a sen lower at 35 sen, with 255,000 shares traded, giving the group a market capitalisation of RM315.83 million.

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