Kumpulan Kitacon Bhd's subsidiary, Kitacon Sdn Bhd, has secured a contract worth RM80.98 million from Sime Darby Property City (City of Elmina) Sdn Bhd.
The contract involves constructing residential units and a Tenaga Nasional substation in Shah Alam's Section U15.
Starting on April 22, 2024, the project is expected to be completed within 18 months and is projected to positively impact Kitacon's earnings and net assets per share from 2024 onwards.