• The 32-month project is slated to start on May 15 and to be completed on Jan 14, 2028.

KUALA LUMPUR (May 13): Construction outfit Nestcon Bhd (KL:NESTCON) has secured a subcontract worth RM44.12 million for site clearing and earthworks at a 1,382-acre mixed development in Seremban, Negeri Sembilan.

The subcontract was awarded by Matrix Excelcon Sdn Bhd, a construction arm of Matrix Concepts Holdings Bhd (KL:MATRIX), according to Nextcon's bourse filing Tuesday.

The 32-month project is slated to start on May 15 and to be completed on Jan 14, 2028.

This marks the fifth project that Nestcon has secured year-to-date, bringing the value of its contract wins to RM455.43 million.

Nestcon shares closed unchanged at 37.5 sen on Tuesday, giving it a market capitalisation of RM264.49 million.

Want to have a more personalised and easier house hunting experience? Get the EdgeProp Malaysia App now.

SHARE
SPONSORED CONTENT
Making sense of compounding interest—breaking down the maths

Unlike simple interest, which only rewards you on your original deposit, compound interest lets you earn interest on top of your earned interest, making sure that every sen that you have in your account is productive.

read more
RELATED POSTS
  1. Mah Sing acquires 2.79-acre land in Sri Rampai, Setapak for M Mira development
  2. Pavilion Embassy, Kuala Lumpur offices sold for RM8.38m | DONE DEAL
  3. CIDB probing collapse of temporary structure for ECRL project at MRR2—minister