KUALA LUMPUR (Jan 18): Ecobuilt Holdings Bhd has secured a RM166.37 million contract to undertake a mixed commercial development project in Kota Kinabalu, Sabah.
The group's wholly owned subsidiary E&J Builders Sdn Bhd has been appointed the main contractor for the project by Golden Wave Sdn Bhd, Ecobuilt said in a filing today.
The development includes the main buildings and external works for retail (basement car parks, levels 1 and 2) and serviced apartments (basement and podium car parks, levels 2 to 14) along Jalan Wawasan.
The project is expected to be completed within 16 months on May 4, 2022.
"The project is expected to contribute positively to the earnings and net assets of Ecobuilt for the financial year ending May 31, 2021," said Ecobuilt.
Ecobuilt's share price was unchanged at 20.5 sen today, valuing the company at RM70.71 million.