KUALA LUMPUR (Oct 30): Mitrajaya Holdings Bhd’s unit, Pembinaan Mitrajaya Sdn Bhd accepted a RM84.5 million contract for the construction of 31-storey block development in Mukim Batu, Kuala Lumpur.

The unit clinched the two-year contract from GDP X Properties Sdn Bhd and the project is expected to be completed by December 2025, it said in a local bourse filing on Monday.

“The contract is expected to contribute positively to the earnings and net assets of MHB Group for the financial years ending Dec 31, 2024 to 2025 (FY2024 and FY2025),” it said.

Shares in Mitrajaya closed one sen or 4% higher to 26 sen, giving it a market capitalisation of RM201.8 million.