Kitacon Unit Secures RM54.87 Mln Main Building Works Contract

KUALA LUMPUR, Nov 10 (Bernama) -- Kumpulan Kitacon Bhd’s wholly owned subsidiary, Kitacon Sdn Bhd, has accepted a letter of award from Sime Darby Property (Elmina North) Sdn Bhd for main building works, including ancillary buildings, worth RM54.872 million.

Kumpulan Kitacon told the stock exchange regulator that the contract involves the proposed construction and completion of several two-storey detached factories and ancillary facilities at Taman Perdagangan Elmina, Mukim Rawang, Gombak, Selangor.

It said the contract will commence on Nov 30, 2026 and is scheduled for completion within 22 months.

Kumpulan Kitacon said the contract is expected to contribute positively to the group's earnings and net assets per share for the financial year ending Dec 31, 2027, and onward until the expiry of the contract.

-- BERNAMA