Kumpulan Kitacon Berhad announce that its wholly owned subsidiary accepted a Letter of Award from Tropicana Alam Sdn. Bhd. for main building works for a total contract sum of RM131.90 million for the proposed construction and completion of:-
Phase 2 project in Ijok.
The project consists of 449 units of double storey terrace house (20' x 70'), 31 units of double storey terrace house (22' x 70') in Ijok, Kuala Selangor, Selangor. and will commence in November 2024 and is to be completed within 24 months from the commencement date.
The group said the contract will not have any effect on the share capital and shareholding structure however, is expected to contribute positively to the earnings and net assets per share.
