KUALA LUMPUR: ML Global Bhd’s wholly-owned unit, MITC Engineering Sdn Bhd (MITCE), has accepted a letter of award from LCB Management Sdn Bhd (LCB) as a works contractor for the proposed development of a block of 24-storey apartments for approximately RM78.05 million.
In a filing to Bursa Malaysia today, it said, the development comprised 359-unit apartments together with one level podium facilities, four levels of podium car park and one level of semi-basement car park at Bandar Sunway, Petaling Jaya.
LCB, the appointed managing contractor was instructed by the developer, Wonderful Insights Sdn Bhd, to award the construction and completion of the above-mentioned works to MITCE, it said.
“The construction and completion of the contract will take 24 months and is scheduled to commence in December 2017 and is expected to be completed in December 2019,” it said.
ML Global said the contract would increase and enhance the existing order book of the company and its group of companies.
“With the contract in hand, the group’s current outstanding order book is of approximately RM2.38 billion.
“The contract is expected to contribute positively to the earnings and net assets per share of the company and the group over the duration of the contract,” it said. - BERNAMA