MTD ACPI bags RM184m construction project in Perlis

KUALA LUMPUR (May 15): MTD ACPI Engineering Bhd has bagged a RM184.17 million contract for the construction and completion of earthworks and infrastructure for the development of the Chuping Valley Industrial Area Phase 1 in Perlis.

In a filing with Bursa Malaysia, MTD ACPI said its wholly-owned subsidiary MTD Construction Sdn Bhd (MTDC) had on May 13 accepted the letter of award from the Northern Corridor Implementation Authority.

The 24-month project will commence on June 1, to be completed on May 31, 2022.

“The contract is expected to contribute positively to the earnings of MTD ACPI group during the duration of the contract,” the group said.

MTD ACPI shares closed unchanged at 14.5 sen yesterday, giving it a market capitalisation of RM33.59 million. Some 5,000 shares were traded.

Stay safe. Keep updated on the latest news at 

Click here to see residential properties for sale in Perlis.

Click here for more property stories.

Like our content? Check out Narratives – where we curate stories based on topics to keep you well and broadly informed about Malaysian real estate.

Looking for property? Check out Location Scan, where we summarize all available options and facts you need in a few clicks. We have updated the tool to include MRT3 stations too.

Curious how much you can borrow? Use LoanCheck to get your maximum loan eligibility from various banks, or LoanReport to get a FREE CTOS/CCRIS credit report.
  1. AME Elite ends FY22 on lower note, declares 2.5 sen dividend
  2. Nestcon secures letter of award for job worth RM85m in Terengganu
  3. Highway construction firm fined RM80,000 for damaging TM underground cable