KUALA LUMPUR (Apr 3): A wholly-owned unit of MKH Bhd has been awarded a turnkey CONSTRUCTION [] contract (TCC) worth a total of RM675 million over five years by Puncak Alam Resources Bhd (PAR) to build residential and commercial PROPERTIES [] in Kuala Selangor.
The company said on Tuesday that its unit Pelangi Seri Alam Development Sdn Bhd (formerly known as Fresh Partners Malaysia Sdn Bhd) had been awarded the TCC for the project on the land measuring about 550 acres in the Jeram and Ijok in the district of Kuala Selangor.
The company said the contract value for the Project was approximately RM135 million per year over five years, and that PAR would award the turnkey construction packages to Pelangi Seri Aalam progressively based on the development phases.
MKH said the TCC was expected to contribute positively to its earnings of MKH Group for the financial years during the Tenor.
The company said on Tuesday that its unit Pelangi Seri Alam Development Sdn Bhd (formerly known as Fresh Partners Malaysia Sdn Bhd) had been awarded the TCC for the project on the land measuring about 550 acres in the Jeram and Ijok in the district of Kuala Selangor.
The company said the contract value for the Project was approximately RM135 million per year over five years, and that PAR would award the turnkey construction packages to Pelangi Seri Aalam progressively based on the development phases.
MKH said the TCC was expected to contribute positively to its earnings of MKH Group for the financial years during the Tenor.
