KUALA LUMPUR (Oct 17): Mestron Holdings Bhd has accepted a Project Wide Supply Agreement with MMC Gamuda KVMRT (T) Sdn Bhd to supply and commission LED Tunnel Lighting for Mass Rapid Transit Laluan 2: Sungai Buloh–Serdang–Putrajaya.
Mestron unit, Max Lighting Sdn Bhd, will design, supply, deliver, and supervise the installation and testing and commissioning of LED Tunnel Lighting to underground tunnel forming part of the Main Contract Works in accordance with the terms and conditions set out in the agreement, Mestron said in a filing with Bursa Malaysia today.
It said the contract value for the job will be payable upon completion of each work stages as agreed upon in accordance to the payment schedule stated in the agreement.
The agreement is not expected to have any material effect on the group’s net assets, gearing and earnings for the financial year ending Dec 31, 2019, but is expected to contribute positively to group earnings for the following financial year.
MMC Gamuda KVMRT is a joint venture between MMC Corp Bhd and Gamuda Bhd. It was set up to undertake the design and construction work for the underground package of the Klang Valley Mass Rapid Transit (KVMRT) project and is the main contractor for the Mass Rapid Transit Laluan 2 Sungai Buloh— Serdang—Putrajaya project.
Shares of Mestron closed half a sen or 4% lower at 12 sen today, valuing the company at RM94.8 million.
TOP PICKS BY EDGEPROP
Hijayu 1, Bandar Sri Sendayan
Siliau, Negeri Sembilan
Desa ParkCity (Casaman)
Desa ParkCity, Kuala Lumpur
Desa ParkCity (The Westside III)
Desa ParkCity, Kuala Lumpur
Desa ParkCity (Adiva)
Desa ParkCity, Kuala Lumpur
Suriaman 3, Bandar Sri Sendayan
Seremban, Negeri Sembilan
Bandar Saujana Putra
Bandar Saujana Putra, Selangor
Desa ParkCity (SouthLake)
Desa ParkCity, Kuala Lumpur
DO MORE WITH EDGEPROP.MY
-
Read newsRead the latest news and in-depth coverage of Malaysian property - what's hot, what's not and more
-
Search listingsFind residential or commercial properties for sale, rental and auction by licensed agents
-
Search new projectsCheck out over 200 new project launches and offers by developers in Klang Valley and other locations
-
Get property market insightsGet your personalized property report (including estimated home value) and find past transacted data
-
Get home design ideasZING.my can help you get started on your renovation project. Find hundreds of design portfolios by professionals in Malaysia
-
Partner with usAre you a real estate agent or home professional? List your properties or portfolio with us for free and get quality leads.