Nestcon Secures Building Contracts Worth RM165 Million

Nestcon announce it had accepted the letter of award from Taipanika Development Sdn. Bhd. for the development of a block of 12-storey apartments (288 units) and other relevant facilities Subang Murni,Shah Alam for a contract sum of RM62 million.

The second contract is from Sunrise Charm Sdn. Bhd. to undertake the construction and completion of a 45-storey mixed commercial development comprising of strata office (172 units), serviced apartments (98 units), carparks and other relevant facilities in Taman Mayaing for RM103 5 million.

The group said the acceptance of the LOA is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Contract Works.

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