Daya Materials Bhd, which has recently lapsed into Practice Note 17 (PN17) status, announced it has secured a hospital construction contract worth RM104.07 million.
In a filing with the stock exchange, Daya Materials said its 51%-owned subsidiary Daya CMT Sdn Bhd today accepted the letter of award for the project from Penang Specialist Hospital Sdn Bhd (PSH).
PSH — also known as KPJ Penang Specialist Hospital and a member of KPJ Healthcare Bhd — is one of the leading specialist hospitals located on mainland Penang, it said.
Under the terms of the contract, Daya CMT will build a new annex 10-storey hospital block for PSH. It will also take on alteration works, besides adding an open car-park and a Tenaga substation to the existing hospital block in Seberang Perai, Penang.
Set to begin on March 8, the project will be completed by Dec 7, 2020. Daya said the 33-month project should contribute positively to the group's earnings.
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