SC Estate bags RM22m project management services and turnkey contract

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KUALA LUMPUR (Dec 29): SC Estate Builder Bhd has bagged a contract worth RM22 million to undertake project management services and turnkey contract works from Visi Sempena Sdn Bhd in Alor Setar.

In a filing with Bursa Malaysia today, SC Estate said its wholly-owned subsidiary SC Estate Construction Sdn Bhd is to undertake project management services and turnkey contract works to complete the 18-storey proposed development of 357 units apartment and 14 units shoplot.

The contract is expected to commence on Feb 28, 2018 and to be completed on Feb 27, 2020.

“The contract is expected to contribute positively to the earnings and earnings per share of SC Estate and its group of companies for the financial year ending Jan 31, 2019,” said the company.