Kitacon subsidiary secures RM54.87 million factory project in Rawang
Sime Darby Property (Elmina North) awarded the work, which is due to begin on November 30 and take 22 months.
A construction award valued at RM54.87 million has gone to Kitacon Sdn Bhd for an industrial project in Rawang. Parent company Kumpulan Kitacon Bhd disclosed the award from Sime Darby Property (Elmina North) Sdn Bhd in a Bursa Malaysia filing.
The subsidiary will build Phase i25 at Taman Perdagangan Elmina. The scope comprises 14 detached factories of two storeys each, as well as bays for electric vehicle charging and refuse chambers. Electrical infrastructure includes two distribution substations and one main switch station.
Work will begin on November 30, with the company expecting completion within 22 months from that date.
Kumpulan Kitacon said it anticipates a positive contribution to group earnings and net assets per share for the financial year ending December 31, 2027 until the contract expires. Neither its share capital nor its shareholding structure will be affected by the award, the company said.
