Share
KUALA LUMPUR (Nov 2): Property developer Ibraco Bhd has secured a contract for construction works in Kuching, Sarawak, worth approximately RM375 million.
The company said in a filing today it has accepted the letter of award from Lestari Asiabina Sdn Bhd as turnkey contractor for the construction of various components, including road and drain reserve, condominium, apartment and shophouses, on Lot 6036 Block 26 Muara Tuang Land district.
The various construction works are expected to start from the third quarter of 2022 and be completed by the fourth quarter of 2026.
Ibraco said the project will be funded via internal funds and external borrowings.
Ibraco shares were not traded today. They last settled at 58 sen apiece, giving the company a market capitalisation of RM316.71 million.
Get the latest news @ www.EdgeProp.my
Subscribe to our Telegram channel for the latest stories and updates
TOP PICKS BY EDGEPROP
Taman Bukit Impiana
Country Heights, Selangor
Jalan Setia Indah U13/11L
Setia Alam/Alam Nusantara, Selangor
Seksyen 9, Kota Damansara
Kota Damansara, Selangor
Alora Residences @ Avenue 25 Subang Jaya
Subang Jaya, Selangor
Seksyen 4, Petaling Jaya
Petaling Jaya, Selangor
Tujuh Residences @ Kwasa Damansara City Centre
Shah Alam, Selangor
Amaya Residences @ Damansara Avenue
Damansara, Kuala Lumpur
Amaya Residences @ Damansara Avenue
Damansara, Kuala Lumpur
Amaya Residences @ Damansara Avenue
Damansara, Kuala Lumpur
