Sunway Construction Group Bhd said on Thursday its wholly owned unit Sunway Construction Sdn Bhd has secured a RM747.8 million job to build a data centre for a US-headquartered multinational technology corporation in Selangor.

KUALA LUMPUR (March 21): Sunway Construction Group Bhd (SunCon) said it has on Thursday secured a RM747.8 million job to construct a data centre in Selangor.

The group said its wholly owned unit Sunway Construction Sdn Bhd entered into a projects of services request with a US-headquartered multinational technology corporation for the job.

SunCon, which announced the project in a filing with Bursa Malaysia, did not provide the name and other details of the multinational corporation

It said the works are scheduled to commence not later than May 15 and expected to be completed by the second quarter of 2027.

This marks SunCon's second project this year, bringing its total outstanding order book to RM6.9 billion.

Last month, the group said it had secured a RM721 million project for the construction of a shopping mall in Perak's Kinta district, in a related party transaction.

SunCon posted a 7.93% rise in net profit to RM49.27 million for the fourth quarter ended Dec 31, 2023 from RM45.65 million a year earlier. Quarterly revenue surged 73.11% to RM871.5 million from RM503.43 million.

Shares of SunCon, which have risen over 37% year-to-date, closed unchanged at RM2.73 on Thursday. This values the group at RM3.53 billion