<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 13): Kumpulan Kitacon Bhd has secured a contract to build 182 terrace houses in the Selangor Cyber Valley for RM65.43 million.</p></div>

<div class=newsTextDataWrapInner><p>According to a bourse filing on Tuesday, Kumpulan Kitacon’s wholly-owned unit Kitacon Sdn Bhd received the letter of award from Worldwide Holdings Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The contract entails main building works of 182 units of two-storey terrace houses and a Tenaga Nasional Bhd substation for a sum of RM65.43 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The contract shall commence on Feb 19, 2024, and is to be completed within 18 months from the commencement date,” Kumpulan Kitacon said.</p></div>

<div class=newsTextDataWrapInner><p>The company added that the job is expected to contribute positively to its earnings for the financial years ending Dec 31, 2024 (FY2024) and onwards until the contract's expiry.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Kumpulan Kitacon last traded at 60 sen on Feb 8, valuing the company at RM300 million.</p></div>


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