PETALING JAYA: MGB Berhad, a construction and property development solutions provider and subsidiary of LBS Bina Group Berhad, today announced that it.
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.
KUALA LUMPUR (Feb 17): Based on corporate announcements and news flow today, companies in focus on Thursday (Feb 18) may include: Kuala Lumpur Kepong Bhd (KLK), Mr DIY Group (M) Bhd, Uzma Bhd and MGB Bhd.
’s wholly-owned subsidiary MGB Construction and Engineering Sdn Bhd (MGBCE) has bagged two construction contracts worth RM442.81 million involving the Rumah Selangorku Idaman MBI projects.
The first contract valued at RM218.51 million involves, among others, two 25-storey apartment blocks comprising 1,036 units in Dengkil while the other contract worth RM224.30 million involves two blocks comprising 1,044 units in Ijok.
, said the developers of both projects were LBS Bina s subsidiaries namely, Seloka Sinaran Sdn Bhd (SSSB) and Kemudi Ehsan Sdn Bhd (KESB). With the contracts in hand, the group’s current outstanding order book is approximately RM2.18 billion,” it said in a filing with Bursa Malaysia today.