KUB subsidiary bags RM39m hostel contract

KUALA LUMPUR: KUB Malaysia Bhd’s wholly-owned subsidiary KUB Builders Sdn Bhd has accepted a RM39.17 million contract from UMP Holdings Sdn Bhd to build a student hostel in Universiti Malaysia Pahang, Gambang.

In a filing with Bursa Malaysia last Friday, the company said the tenure of the project is for 48 weeks from Sept 11, the date of site possession.

It said the contract would contribute positively to the company’s earnings and earnings per share for the 2013 financial year ending Dec 31, but will not affect the issued and paid-up share capital, as well as KUB Malaysia’s assets per share and gearing. — Bernama


This article first appeared in The Edge Financial Daily, on September 30, 2013.