KUALA LUMPUR (Feb 10): Mitrajaya Holdings Bhd has bagged a RM200 million contract to build a transit-oriented development in Putrajaya, which is about equivalent to its market capitalisation, from Putrajaya Development Sdn Bhd.

The project involves the construction and completion of 10 levels of podium and external works at Plot 7MD7, Precinct 7, Putrajaya, according to Mitrajaya's stock exchange yesterday.

The project, to be completed in 24 months, starting from site possession on Feb 16, is expected to contribute positively to the group’s earnings and net assets for the financial years ending Dec 31, 2021 (FY21) and FY22.

Mitrajaya’s shares closed unchanged at 24 sen yesterday, giving it a market capitalisation of RM200.68 million.

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