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.
The group said RM16 million of the purchase price will be satisfied via the issuance of 17.
To be completed in 36 months, the contract is slated for completion by May 21, 2027, Mitrajaya showed in a bourse filing.
LFE said its wholly owned subsidiary LFE Engineering Sdn Bhd had accepted two letters of awards from MLG Design & Construction Sdn Bhd to be appointed as a subcontractor for the hotel project in George Town.
This will be NCT Group’s second industrial park development project.
Eupe Corp, which is planning to finance the consideration through internal funds and borrowings, said the proposed acquisition aligns with the group’s expansion objective and growth strategy by adding suitable land to its land bank, and expanding its property development portfolio to increase income.
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Spanning 25,083 square meters, the facility, which began operations in October 2023, manufactures cable tie products.
Under the two-year MOU, Menang and Alpro will jointly develop the Alpro healthcare facility land into a health and wellness park, while Alpro will support the related healthcare facilities, including ambulatory care centre and rehabilitation facilities.