Gadang clinches RM475 million contract to build Cyberjaya hospital

PETALING JAYA: Gadang Holdings Bhd has bagged a RM475 million contract for the construction of a hospital in Cyberjaya, Selangor with a capacity of 288 beds.

The group said in a filing with the stock exchange that its wholly owned subsidiary Gadang Engineering (M) Sdn Bhd had accepted the letter of acceptance dated August 1 from Cyberview Sdn Bhd to undertake the proposed development.

The contract is expected to contribute positively to the future earnings of Gadang group.

The counter rose two sen to close at RM1.24 on Friday, with 3.67 million shares changing hands.