KUALA LUMPUR (July 7): Construction engineering company Siab Holdings Bhd has bagged an RM89.57 million contract to build a two-storey warehouse with office space in Klang, Selangor.

Construction of the proposed industrial development, which it secured from SDN Assets I Sdn Bhd, also includes one substation, one guardhouse, one tank house and pump, mechanical and electrical area, as well as common facilities. The project was secured via its wholly owned Siab (M) Sdn Bhd.

The job is expected to be completed in 12 months.

Shares in ACE Market-listed Siab closed half a sen or 3.33% higher at 15.5 sen on Thursday, giving the company a market capitalisation of RM73.79 million.