The construction of the terraced houses is expected to be completed within three years, while the substations are projected to be finished within six months after receiving the architect’s instructions, the company said.
“As the national economy is projected to remain in the range of 4.
The construction company — formerly known as M-Mode Bhd — however, did not provide any details about the project in its bourse filing.
Citaglobal said the contracts are expected to contribute positively to its future earnings and net assets per share for the financial year ending Dec 31, 2024, (FY2024) until FY2026.
It consists of 811 units of double-storey houses with prices starting from RM250,000.
Jati Tinggi had in March and July bagged two similar contracts worth a combined RM42 million from Worktime Engineering to lay underground cables for data centres in the southern region of Peninsular Malaysia.
SDB is now suing Ho Hup and HHVKK for RM46.
The newly secured projects boost the group’s outstanding order book to RM6.
The building works include a five-storey data centre block, office spaces and electrical substation, among other facilities, Binastra said.
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