KUALA LUMPUR (March 21): A joint venture involving Pesona Metro Holdings Bhd has bagged construction works for the proposed teaching hospital of Unversiti Sultan Zainal Abidin worth RM313.85 million.

Pesona Metro told Bursa Malaysia in a filing today it secured the contract through an unincorporated joint venture formed by its wholly-owned subsidiary Pesona Metro Sdn Bhd together with GPQ Sdn Bhd and Semarak Korporat Sdn Bhd.

GPQ is a subsidiary of Terengganu Incorporated Sdn Bhd and is involved in construction works.

According to Pesona Metro, the project is for a period of 182 weeks from the date of possession of site today.

The group expects the contract to contribute positively to its earnings.

Pesona Metro shares closed up 0.5 sen or 1.32% at 38.5 sen, for a market capitalisation RM251.79 million.