Friday, November 4, 2011

Melati Ehsan awarded RM298m public housing project

KUALA LUMPUR (Nov 4): MELATI EHSAN HOLDINGS BHD []'s unit Pembinaan Kery Sdn. Bhd.'' has accepted two contracts from the Housing and Local Government to undertake two housing projects worth RM298 million.

It said on Friday,'' the first project valued at RM88.10 million, was to design and build 500 units of flats and the ancillary works for public housing in Kuala Lumpur. The contract period is 30 months.

The second project, worth RM215.90 million, was to build 1,600 flats and ancillary works, also under the public housing scheme in Kuala Lumpur. The second contract is over 36 months.

Melati said Kery was required to execute the formal contract with the ministry in due course subject to the terms and conditions of the letters of award.

'The project is''expected to contribute positively to the earnings per share of Melati for the current financial year ending Aug 31, 2012 and the subsequent financial years during the contract period,' it said.

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