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Monday, August 22, 2016

SunCon gets RM268m international school construction contract

SunCon gets RM268m international school construction contract
By Gho Chee Yuan / theedgemarkets.com | August 22, 2016 : 6:03 PM MYT

KUALA LUMPUR (Aug 22): Sunway Construction Group Bhd (SunCon) has bagged construction work for a proposed international school in Ampang, worth RM268 million today.

According to its bourse filing, the construction outfit's unit, Sunway Construction Sdn Bhd, got the job from The Society For The International School of Kuala Lumpur.

Under the contract, SunCon is tasked to the undertake the main building works for the proposed development of the international school of Kuala Lumpur along Jalan Ampang Hilir here, for a 22 months period.

SunCon expects the project to contribute positively to its earnings from financial year ending Dec 31, 2016 (FY16) onwards.

Upon the award of the Project, SunCon's outstanding order book to-date amounts to RM4.9 billion.

Shares in SunCon closed was down three sen or 1.83% to RM1.61 today, for a market value of RM2.08 billion.

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