Mitrajaya clinch RM266m construction job

MITRAJAYA Holdings Bhd has bagged a RM265.87 million contract for the construction and completion of two blocks of housing apartments and ancillaries at Bandar Tun Razak, Kuala Lumpur.

In an exchange filing yesterday, the group said its wholly-owned unit, Pembinaan Mitrajaya Sdn Bhd, has accepted and executed the letter of acceptance for the contract awarded by the Retro Highland Sdn Bhd dated Dec 5, 2022.

The contract is for a duration of 40 months from the date for possession of the site on Dec 15, 2022 and is expected to be completed by April 14, 2026.

Mitrajaya said the contract is expected to contribute positively to the earnings and net assets of the group for the financial years ending Dec 31, 2023 to 2026.

Shares of Mitrajaya closed yesterday’s trading 1 sen or 4.55% to 23 sen, giving the group a market capitalisation of RM179 million. — TMR