Mitrajaya Holdings Bhd has bagged a RM183.44 million contract from concessionaire West Coast Expressway Sdn Bhd to build Section 2 of the West Coast Expressway (WCE) from the South Klang Valley Expressway interchange to the Shah Alam Expressway interchange.
Rafizi has been vocal towards the issues surrounding the MRT project, which he claimed would reach more than RM100 billion upon completion.
The builder said its indirect wholly-owned subsidiary, Tema Warisan Sdn Bhd, yesterday inked a joint-venture agreement with Perikatan Progresif Sdn Bhd for the development on a 17.5-acre leasehold land.
TA Securities Research has maintained its “Underweight” rating on the property sector, as “weak market sentiment, increasing supply and tight lending environment are expected to weigh on property sales”.
The trust declared a final income distribution of 3.73 sen per unit, payable on Feb 28.
The property comprises a 45,000 sq ft piece of leasehold land rated at RM1,100 per sq ft and a single-storey detached factory.