KUALA LUMPUR (Sept 12): Metronic Global Bhd has won a contract to undertake extra low voltage system works for a proposed mixed development in Kuala Lumpur that will include 616 condominium units.
In an exchange filing today, Metronic Global said its wholly-owned subsidiary, Metronic Engineering Sdn Bhd (MESB), was appointed by China Construction Yangtze River (Malaysia) Sdn Bhd — formerly known as CCC Construction Sdn Bhd — to undertake the job at a contract sum of RM7.48 million.
MESB, which is in the business of providing system integration, will supply, deliver, install, test and commission the extra low voltage system works for the proposed mixed development, comprising a 59-storey condominium, two office tower blocks, commercial shop lots, and parking.
Metronic Global said the project will commence immediately for completion due on Feb 4, 2020.
The group intends to fund the project via internally-generated funds besides existing working capital, and expects the contract to contribute positively towards its earnings and net tangible assets for the period of the contract.
Metronic Global was Bursa Malaysia’s hottest stock yesterday after the group announced on Tuesday it won an audio visual and information technology system subcontract worth RM18.7 million for Permodalan Nasional Bhd's 118-storey Warisan Merdeka skyscraper project.