Pesona Metro secures RM409m contract


Pesona Metro Holdings Bhd’s wholly owned subsidiary, Pesona Metro Sdn Bhd, has received a letter of acceptance from MRCB Builders Sdn Bhd for the execution and completion of the superstructure works of a mixed development in Kuala Lumpur worth RM408.8 million.

The development includes three blocks of apartments, an eight-level car park, six units of shop lots and two levels of basement parking.

The project is for the duration of 30½ months, commencing on Feb 18, 2019.

In an exchange filing yesterday, the group said the project is expected to be funded via internally gene-rated funds and accordingly, has no effect on the gearing of the group.

Pesona Metro added that the project will not have any impact on the issued and paid-up capital of the company.

It is also expected to contribute positively to the earnings and enhance the net assets of the group during the duration of the project.