KUALA LUMPUR (Feb 17): MGB Bhd has bagged a RM442.81 million contract to construct affordable home projects in Dengkil and Ijok in Selangor.
In a bourse filing, the group said its wholly-owned subsidiary MGB Construction & Engineering Sdn Bhd was awarded the contract by Seloka Sinaran Sdn Bhd (SSSB) and Kemudi Ehsan Sdn Bhd (KESB).
Both SSEB and KESB are subsidiaries of LBS Bina Group Bhd. LBS also owns the majority of MGB shares.
MGB said the projects entail the construction of two blocks of Rumah Selangorku Idaman MBI in Dengkil and Ijok.
Work will commence on March 1 and is expected to be completed on July 31, 2023.