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KUALA LUMPUR (Feb 16): TSR Capital Bhd has bagged a RM240 million contract from Putrajaya Homes Sdn Bhd to build two blocks of 19-storey and 18-storey condominiums and two blocks of multilevel car park in Putrajaya.
The project also involves the construction of common facilities, drainage and retention pond, piling works, associated infrastructure and landscape works.
In a filing with Bursa Malaysia yesterday, TSR said its wholly-owned subsidiary TSR Bina Sdn Bhd had accepted the letter of award from Putrajaya Homes.
The project is for a duration of 36 months and is expected to be completed by February 2019.
“Barring any unforeseen circumstances, TSR is of the opinion that the project will contribute positively to the earnings of the group for the financial years ending 2016 through 2019,” it added.
TSR shares closed 2.91% or 1.5 sen lower at 50 sen yesterday, with a market capitalisation of RM87.23 million.
This article first appeared in The Edge Financial Daily, on Feb 16, 2016. Subscribe to The Edge Financial Daily here.
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