Ecobuilt bags RM93m project to develop a business complex in Penang

: 's unit has bagged a construction works project worth RM92.46 million to develop a business complex in Penang, according to its bourse filing on Thursday.

The group said its wholly owned subsidiary has accepted the letter of award dated Jan 5 issued by .

Under the project, Rexallent is appointed as the contractor for the development of a three-storey logistics business complex along Lebuhraya Tun Dr Lim Chong Eu.

Ecobuilt said the building for is expected to be completed by Sept 4.

The group added that the project will contribute positively to its earnings and net assets for the financial year ending May 31, 2023 (FY2023).

On Thursday, Ecobuilt's share price closed unchanged at 9.5 sen, valuing the group at RM34.52 million.

Source : The Edge Markets

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