Wednesday, September 7, 2011

UOA Devt subsidiary awards RM101m job

KUALA LUMPUR: UOA Development Bhd's subsidiary Ceylon Hills Sdn Bhd has awarded a RM101.36 million CONSTRUCTION [] job for a 27-storey hotel suites project off Bukit Ceylon in Kuala Lumpur to its unit Allied Engineering Construction Sdn Bhd (AEC).

UOA Development said on Wednesday, Sept 7 the project was for the construction of the main building and infrastructure of the One Bukit Ceylon Hotel Suites.

AEC will be appointed the main contractor for the construction which includes the construction and completion of piling, buildings and associated accessories works. The construction period is for 27 months.

Ceylon Hills is partly held by Transmetro Sdn Bhd, a related party. Transmetro, which is involved in property investment and consultancy services, is a major shareholder of UOA Development.

Both UOA Development and Transmetro hold 54.0% and 36.0% equity interest in Ceylon Hills, respectively.

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