KUALA LUMPUR: Gagasan Nadi Cergas Bhd
has secured a sub contract worth RM75.74mil from Paramount Property Construction Sdn Bhd, a wholly owned subsidiary of Paramount Corp Bhd.
In a filing with Bursa Malaysia Gagasan Nadi said its wholly owned subsidiary, Nadi Cergas Sdn Bhd, accepted the letter of award from Paramount Property.
The sub contract is for the superstructure works for Atera – (Phase 1),
a development project consisting of 1 block 47 floors of 756 units affordable serviced apartment, 4 units business lot and 6 floors podium car park at Seksyen 51A, Petaling Jaya.
Gagasan said the sub-contract shall be on completed on March 31, 2025.
“The sub contract is expected to contribute positively to Gagasan Nadi group’s earnings and net assets per share from financial year ending Dec 31, 2023 onwards until the completion of the sub contract,” it said.
