Mitrajaya bags two contracts worth RM377.45m

PETALING JAYA: Mitrajaya Holdings Bhd has clinched two construction contracts worth a total of RM377.45 million.
It told Bursa Malaysia that its wholly owned subsidiary, Pembinaan Mitrajaya Sdn Bhd, has accepted its appointment as the contractor for the construction and completion of a building and car park for an institute of higher learning in Kuala Lumpur for RM333.55 million.
The contract will begin on Sept 5, 2017 for a duration of 24 months and is expected to be completed by September 2019.
Meanwhile, Pembinaan Mitrajaya also accepted a contract from Gema Padu Sdn Bhd to build three blocks of apartment residences at Kota Warisan, Sepang, under the Rumah Selangorku scheme for a contract sum of RM43.91 million.

The contract is for a duration of 36 months and is expected to be completed by August 2020.
Both contracts are expected to contribute positively to Mitrajaya’s future earnings.
The stock was up two sen to close at RM1.10 yesterday, with some 5.8 million shares changing hands.