YFG bags RM55m job to build homes under armed forces housing scheme

KUALA LUMPUR (April 11): YFG Bhd has bagged an RM55 million contract to build 418 units of one-storey houses for the Angkatan Tentera Malaysia Negeri Sembilan housing scheme in Tampin, Negeri Sembilan.

In a filing with Bursa Malaysia yesterday, YFG said its wholly-owned subsidiary YFG Engineering Sdn Bhd had accepted a letter of award from Evergreen Platform Sdn Bhd for the contract works.

“The contract works involve the building, infrastructure and landscaping works of the project,” it added.

YFG said the project is expected to commence on May 8, pending the receipt of the development order by the relevant authorities, and complete within 24 months.

“The project is expected to contribute positively to the group’s revenue and earnings for the financial year ending Sept 30, 2018.”

YFG shares were untraded yesterday. They last closed at one sen on March 21, giving it a market capitalisation of RM3.05 million.

This article first appeared in The Edge Financial Daily, on April 11, 2018.

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