news

Ecobuilt secures RM166.37m construction contract in Sabah

KUALA LUMPUR (Jan 18): Ecobuilt Holdings Bhd has secured a RM166.37 million contract to undertake a mixed commercial development project in Kota Kinabalu, Sabah.

The group's wholly owned subsidiary E&J Builders Sdn Bhd has been appointed the main contractor for the project by Golden Wave Sdn Bhd, Ecobuilt said in a filing today.

The development includes the main buildings and external works for retail (basement car parks, levels 1 and 2) and serviced apartments (basement and podium car parks, levels 2 to 14) along Jalan Wawasan.

The project is expected to be completed within 16 months on May 4, 2022.

"The project is expected to contribute positively to the earnings and net assets of Ecobuilt for the financial year ending May 31, 2021," said Ecobuilt.

Ecobuilt's share price was unchanged at 20.5 sen today, valuing the company at RM70.71 million.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates

Click here for more property stories.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Two localities in Sabah, one in Kelantan to come under EMCO from Sunday — Ismail Sabri
  2. Sabah ready to convene state assembly sitting if situation permits - Chief Minister
  3. Six localities in Sabah, one in KL placed under EMCO from June 10 — Ismail Sabri