KUALA LUMPUR (July 12): Kumpulan Jetson Bhd's wholly-owned subsidiary Jetson Construction Sdn Bhd has bagged a contract worth RM88.03 million to build four blocks of serviced apartments at Jalan Yap Kwan Seng, Kuala Lumpur.

In a local bourse filing today, Kumpulan Jetson said the letter of award was received from Ken Wong Architect, which issued it on behalf of O&C Makok Isola Sdn Bhd.

The contract entails the construction of the main building and external works for four blocks of serviced apartments totalling 140 units. The project's tenure is 32 months, with the commencement date to be confirmed by the architect.

"The project is expected to contribute positively to the earnings of Jetson Group for the financial years ending 2018 to 2021," said Kumpulan Jetson.

Shares of Kumpulan Jetson closed one sen or 4.54% higher at 23 sen today, for a market capitalisation of RM47.53 million.