KUALA LUMPUR (March 17): Kumpulan Jetson Bhd has been awarded a RM78.93 million contract by Asia Pacific University Sdn Bhd for the construction of a private higher education institution.

In a filing today, the company said its wholly-owned subsidiary Jetson Construction Sdn Bhd has accepted the contract, which is expected to be completed by June 30, 2021.

“The contract is not expected to have a material effect on the net assets and gearing of Jetson for the financial year ending Dec 31, 2020.

“The contract is expected to contribute positively to the earnings and earnings per share of Jetson and its group of companies for the financial year ending Dec 31, 2020,” it said.

Jetson’s share price rose half a sen or 4.35% to close at 12 sen, giving a market capitalisation of RM25.39 million.

Click here to see commercial properties for sale in Kuala Lumpur.

Click here for more property stories.

SHARE
SPONSORED CONTENT
Budget 2026: Five property market shifts to watch

From overhang reduction to build-then-sell pilots, here’s what buyers and developers can expect when the budget is tabled on Oct 10, 2025.

read more
RELATED POSTS
  1. Oriental Interest’s 4Q net profit up 10% on better showing by property, construction segments
  2. GDB plans placing out 10% of its shares to raise RM39 mil for working capital
  3. Sabah state election may boost construction and property stocks—MBSB Research