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Nestcon bags RM188.5m construction contract

KUALA LUMPUR (Jan 20): Nestcon Bhd has been awarded a fixed lump sum turnkey construction job worth RM188.5 million from Konsortium Exsim Development Sdn Bhd (KED) to build a 39-storey apartment building in Jalan Klang Lama, here.

Nestcon, via its wholly-owned Nestcon Builders Sdn Bhd, has accepted the letter of award from KED for the job.

Under the contract, Nestcon Builders will design and build the apartment building, which will have 608 units of apartment suites and three retail shops, in 36 months, and hand over the project on or before Jan 18, 2025, according to Nestcon's bourse filing.

Nestcon's share price closed 0.5 sen or 1.11% lower at 44.5 sen on Wednesday, bringing the group a market capitalisation of RM287 million.

Edited by Tan Choe Choe

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