Kitacon secures RM54.87 million main building works contract in Selangor
The new construction contract strengthens Kitacon Bhd Group’s order book in Selangor’s industrial property segment. The project involves the construction of several two-storey semi-detached factories and ancillary facilities at Elmina Business Park, with work scheduled to begin on 30 Nov 2026.
Highlights
- Kitacon Sdn Bhd has received a RM54.872 million main building works contract from Sime Darby Property (Elmina North) Sdn Bhd in Selangor.
- The project involves building two-storey semi-detached factories at Elmina Business Park, with work starting on 30 Nov 2026 and completion due within 22 months.
- The contract is expected to contribute positively to Kitacon’s earnings and net assets per share for the financial year ending 31 Dec 2027 and thereafter.
This article was translated from the original. Read the original version by our correspondent here.
Project scope and implementation schedule
According to The Edge Malaysia, Kitacon Group informed Bursa Malaysia that its wholly owned subsidiary, Kitacon Sdn Bhd, had received a letter of award from Sime Darby Property (Elmina North) Sdn Bhd for main building works, including ancillary buildings, valued at RM54.872 million.The works involve the proposed construction and completion of several two-storey semi-detached factories and ancillary facilities at Elmina Business Park, Mukim Rawang, Gombak, Selangor. The contract is scheduled to commence on 30 Nov 2026 and be completed within 22 months.
Impact on group earnings
The company said the contract is expected to contribute positively to the group’s earnings and net assets per share for the financial year ending 31 Dec 2027, and thereafter until the contract is completed.The award enhances Kitacon’s earnings visibility while strengthening its position in construction activities related to industrial development in Malaysia.
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