Fajarbaru Builder Group Bhd has won a construction contract via tender exercise, for three blocks of condominium worth RM310.54 mil from WCT Holdings Bhd’s indirect subsidiary, Kekal Kirana Sdn Bhd.
A filing with Bursa Malaysia showed that the construction work includes three blocks of condominium towers which comprise 341 units including three levels of podium and four levels of basement for carparks.
Accordingly, the contract is to commence in March 2023 and is expected to be completed in 35 months, or on Feb 14, 2026.
This contract is expected to contribute positively to the future earnings and net assets per share of the company from the financial year ending June 30, 2023 onwards.
Fajarbaru’s Group Executive Chairman Tan Sri Dato’ Sri Chan Kong Choy said: “After a lull in the construction market, this is a good start for Fajarbaru and a testament of the company’s ability to secure and execute high-value construction projects. We aim to execute this project as efficiently and well as possible.”
