<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 10): Nestcon Bhd has clinched RM108 million worth of construction works from property developer Exsim Avenue Sdn Bhd for a mixed commercial development project.</p></div>

<div class=newsTextDataWrapInner><p>Nestcon, through its wholly-owned unit Nestcon Builders Sdn Bhd, accepted a letter of award from Exsim Avenue on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>The work consists of main building works for a 37-storey mixed commercial development comprising retail shops, 220&nbsp;strata office units, 126 units of service apartments, car parks and other relevant facilities.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Contract works are to be completed within 39 months, commencing on Jan 15, and scheduled for completion by April 14, 2027.</p></div>

<div class=newsTextDataWrapInner><p>This is the second contract Nestcon has secured so far in 2024. Last week, the group bagged RM251.5 million worth of construction contracts for a mixed development project in Mukim Petaling in the Klang Valley.</p></div>

<div class=newsTextDataWrapInner><p>For the third quarter ended Sept 30, 2023, Nestcon posted RM2.06 million in net profit, versus a RM1.41 million net loss a year earlier, as revenue jumped 91.3% to RM224.88 million from RM117.56 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Nestcon closed unchanged at 37 sen on Wednesday, translating into a market capitalisation RM249.13 million.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/695865" target="_blank">Nestcon bags RM252 mil construction job in Klang Valley</a></em></p></div>


Nestcon Bhd has clinched RM108 million worth of construction works from property developer Exsim Avenue Sdn Bhd for a mixed commercial development project.

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<p>From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.</p>

<p>Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.</p>


<p>Maybank and English Premier League club Manchester United have launched their latest co-branded credit card in Indonesia.</p>

<p>In 2023, Maybank and Manchester United announced the extension of their 13-year partnership into Indonesia — adding a fourth Asean country to their existing co-branded products available to customers in Malaysia, Singapore, and the Philippines.</p>


<p>Police have identified the male suspect who attacked the Ulu Tiram police station on Friday and confirmed that he has no links to any terrorist groups.</p>

<p>Inspector-General of Police Tan Sri Razarudin Husain clarified that the initial statement of the suspect being a member of Jemaah Islamiyah (JI) was based on his father's involvement with the terrorist group.</p>


<p>A Russian court has frozen local assets of Germany’s Deutsche Bank AG and Italy’s UniCredit SpA under lawsuits totalling over €1 billion (RM5.1 billion) filed by a Gazprom PJSC venture.</p>


<p>Sarawak is optimistic that its state revenue will continue to grow over the next two to three years, driven by the state's strong economic performance this year, said Premier Tan Sri Abang Johari Tun Openg.</p>


<p>Canada is examining whether it needs to raise tariffs on Chinese-made electric vehicles (EVs) after the White House announced major new levies on them, Trade Minister Mary Ng said.</p>


<p>China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.</p>


<p>All the suspects remanded on Saturday following the attack at the Ulu Tiram police station early on Friday morning are local citizens, said Inspector-General of Police Tan Sri Razarudin Husain.</p>


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<p>The Communist Party of Vietnam has nominated police minister To Lam to be state president, the government said on Saturday.</p>
