KLSE (MYR): MRCB (1651)
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Flix788
15 posts
Posted by Flix788 > 2019-02-20 16:58 | Report Abuse
KUALA LUMPUR (Feb 19): Pesona Metro Holdings Bhd has bagged a contract worth RM408.8 million from Malaysian Resources Corp Bhd (MRCB) for superstructure works for a mixed development in Seksyen 98, here.
In a filing to Bursa Malaysia today, Pesona Metro's wholly-owned subsidiary Pesona Metro Sdn Bhd has accepted the letter of acceptance from MRCB's wholly-owned subsidiary MRCB Builders Sdn Bhd.
The works involve three blocks of apartments with 734 units, eight floors of parking as well as six units of retail space with two floors of basement parking.
The project will be for 30.5 months, commencing on Feb 18, said Pesona Metro.
Pesona Metro noted that the project is expected to contribute positively to the group's earnings and enhance its net assets for the duration of the project.
"The project is expected to be funded via internal generated funds and accordingly, has no effect on the gearing of the group," said Pesona Metro.
Shares of Pesona Metro closed 1.5 sen or 6.82% higher at 23.5 sen, for a market capitalisation of RM163.31 million. Over the past year, the counter fell 36.66% from 37 sen.