Vestland bags RM70mil construction contract

KUALA LUMPUR: Vestland Bhd’s wholly-owned subsidiary, Vestland Resources Sdn Bhd (VRSB) has secured a construction contract worth RM70mil from Sg. Besi Construction Sdn Bhd.

In a filing with Bursa Malaysia, Vestland announced that the contract involves the design and construction of a 59-storey strata office block, including design, approval, construction, completion, testing, and commissioning of the building and its related facilities at Jalan Mayang, Kuala Lumpur.

The contract is expected to be completed by Dec 15, 2027, with work set to commence on Dec 19, 2024.

Vestland expects the contract to contribute positively towards its earnings and net assets for the duration of the contract.