KUALA LUMPUR: Stella Holdings Bhd has won a RM41.22 million road construction project in Serendah, Selangor from engineering consultancy services company RSM Builders Sdn Bhd.
Stella said the project, awarded to its wholly owned unit Mewah Kota Sdn Bhd, involves the construction of a new road from Federal Route 3208 (which links Sungai Choh to Bukit Beruntung) to the UMW High Value Manufacturing Park area in Serendah.
The contract's date of completion is Feb 28, 2024, the construction company said in a Bursa Malaysia filing.
Stella said the contract is expected to contribute positively to its earnings during the contract period.
Shares of Stella closed unchanged at 99.5 sen on Wednesday (Jan 4), valuing the company at RM66.66 million.
Source : The Edge Markets
