KUALA LUMPUR: Kumpulan Kitacon Bhd’s unit Kitacon Sdn Bhd has received a letter of award from Sime Darby Property (Elmina North) Sdn Bhd for construction works for a project located at Taman Perdagangan Elmina in Rawang worth RM54.87 million.
In a filing with Bursa Malaysia, the company said the contract involves the construction and completion of Phase i25 including 14 units of double-storey detached factories, electric vehicle charging bays, refuse chambers, one main switch station and two distribution substations.
The contract will commence on Nov 30 and is expected to complete within 22 months from the commencement data.
The contract will not have any effect on the share capital and shareholding structure of Kumpulan Kitacon.
However, it is expected to contribute positively to the earnings and net assets per share of the group for the financial year ending Dec 31, 2027 until the expiry of the contract.