MGB Berhad has accepted a letter of award from Anuar Aziz Architect on behalf of Astana Modal Sdn. Bhd. for a proposed development project at D’Island Residence, Puchong worth RM207 million.
The project includes a block of 34-storey building comprising 608 units of service apartments and another 29 storey block comprising 391 units of service apartments.
The group said the contract will increase and enhance its existing order book to approximately RM1.27 billion. The contract it said will have no effect on the issued share capital but it is expected to contribute positively to the earnings and net assets per share over the duration.
AMSB is an indirect subsidiary of LBS Bina Group Berhad and LBGB is a major shareholder of MGB.
