KUALA LUMPUR (March 12): FBG Holdings Bhd (KL:FBG), formerly known as Fajarbaru Builder Group Bhd, has secured a RM15.52 million contract to construct factory units in Shah Alam.

In a filing with Bursa Malaysia, the company said the contract was awarded by Alpine Affluent Sdn Bhd, an indirect subsidiary of S P Setia Bhd.  It involves the construction of three four-storey semi-detached and detached factory units under the Alpine 2 development at Temasya Glenmarie.

FBG said the project is scheduled to commence on March 16 and be completed within two years.

FBG shares closed at 14 sen on Thursday ahead of the announcement, valuing the company at RM147 million.