Mitrajaya surges to over eight-month high amid active trade after RM174m contract win
The company’s construction arm announced on Wednesday (May 15) that it landed a contract worth RM174.
The company’s construction arm announced on Wednesday (May 15) that it landed a contract worth RM174.
To be completed in 36 months, the contract is slated for completion by May 21, 2027, Mitrajaya showed in a bourse filing.
Kumpulan Kitacon said the latest project is scheduled to begin on April 22 and is slated for completion within 18 months from the commencement date.
The sale price of RM34 million is RM15.
The group's wholly owned Pekat Teknologi Sdn Bhd had, on Feb 29, inked an unconditional sale and purchase deal with Titan Equity Sdn Bhd for the proposed disposal, Pekat's bourse filing showed.
DONE DEAL: Factory, Meru, Klang, Selangor DONE DEAL: Condominium, Bukit Bintang, Kuala Lumpur Shah Alam’s well-established industrial parks are in high demand because of their proximity to up and coming residential areas like Kota Kemuning, Taman Sri Muda, and Taman Bunga Negara.
NRES Minister Nik Nazmi Nik Ahmad emphasised the importance of sustainable development and the role of local authorities, as well as strategic cooperation from various parties to create low-carbon cities.
In a filing with Bursa Malaysia on Wednesday, the construction company said the contract, awarded by Chingsan Development Sdn Bhd, is expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2024 onwards.
“The disposal will result in a one-off net gain of approximately RM31.
In a filing to Bursa Malaysia on Wednesday, the troubled oil and gas services company said the auction sale of its Johor property on Jan 2 was unsuccessful, but did not elaborate.