<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 29): Newly-listed SLGC Bhd (KL:<a href="/askedge/klse/0476" class="ce-stock" target="_blank">SLG</a>) on Thursday secured a RM50.24 million contract to undertake the construction of detached industrial factories and related infrastructure works in Telok Panglima Garang, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>The award comes just three weeks after the company’s debut on Bursa Malaysia’s ACE Market.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, SLGC said the engineering, procurement and construction contract was awarded to its wholly-owned subsidiary, SLG Construction Sdn Bhd, by ALH Construction Sdn Bhd. It will run for a 30-month period, with the commencement date yet to be fixed.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SLGC said the project is expected to contribute positively to its earnings and net assets over the duration of the contract.</p></div>

<div class=newsTextDataWrapInner><p>Based in Johor, SLGC primarily provides design and building construction services for residential and non-residential projects, serving property developers and building owners across Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>SLGC shares closed 1.5 sen or 6.52% lower at 21.5 sen on Thursday, valuing the company at RM120.4 million. At 21.5 sen, the counter is down over 23% compared to its IPO price of 28 sen.</p></div>

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