Nestcon bags RM228m construction contract in KL
According to its bourse filing, the contract is set for a duration of 37 months, with construction work scheduled to commence on April 29, 2025 and slated for completion by May 28, 2028.
According to its bourse filing, the contract is set for a duration of 37 months, with construction work scheduled to commence on April 29, 2025 and slated for completion by May 28, 2028.
The group made a net profit of RM25.
"The expansion initiatives come at an opportune time, as the construction industry stands to benefit from government-led initiatives and spending, particularly in infrastructure development.
“The project will be executed in multiple phases, focusing on comprehensive site preparation, environmental protection measures and efficient water reservoir embankment construction.
The placement of up to 48.
According to Scanwolf, the contract involves sub-structure works for a mixed-use development in Jalan Ampang, featuring a 69-storey SOHO block (775 units), a 78-storey SOVO block (1,440 units), and a 10-storey podium housing retail units, utilities, and parking.
Apart from construction, the company also supplies building materials, lighting and related mechanical and electrical products, hardware products and tools, rental of construction machinery, and equipment.
LSH Capital declared an interim single-tier dividend of 0.
TSR said the contract was awarded by Kwasa Land Sdn Bhd, a wholly-owned subsidiary of the Employees Provident Fund (EPF).
In a note on Friday, Phillip Capital said that this contract would result in a 2.