MITRA

0.290

-0.01 (-3.3%)

OTHERS Mitrajaya Holdings Berhad ("MHB" or the "Company") Pembinaan Mitrajaya Sdn Bhd awarded contract for the development of one (1) block of hospital comprising 11 floors

MITRAJAYA HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
Mitrajaya Holdings Berhad ("MHB" or the "Company")

Pembinaan Mitrajaya Sdn Bhd awarded contract for the development of one (1) block of hospital comprising 11 floors
INTRODUCTION 

The Board of Directors of Mitrajaya Holdings Berhad (“MHB” or the “Company”) is pleased to announce that its wholly owned subsidiary, Pembinaan Mitrajaya Sdn Bhd has on 15 May 2024 accepted and executed the Letter of Award on the contract awarded by Avisena Healthcare Sdn Bhd dated 15 May 2024 for the development of one (1) block of hospital comprising 11 floors at Mukim Bandar Shah Alam, Selangor Darul Ehsan for a contract sum of RM174,299,909.00 (the “Contract”). 


DETAILS OF THE CONTRACT 

The Contract is for a duration of 36 months from the date for possession of site on 23 May 2024 and is expected to complete by 21 May 2027.


FINANCIAL EFFECTS 

The Contract is expected to contribute positively to the earnings and net assets of MHB Group for the financial years ending 31 December 2024 to 2027. The Contract will not have effect on the share capital and shareholding structure of MHB.


RISK FACTORS 

The risks associated with the Contract are normal operational risks, which can be mitigated through MHB Group's system of project management controls.


DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS 

None of the Directors and/or major shareholders or persons connected to them have any interest, directly or indirectly interest in the Contract.


DIRECTORS' STATEMENT 

The Board of Directors of MHB is of the opinion that the acceptance of the Contract is in the best interest of MHB Group.


This announcement is dated 15 May 2024.





Announcement Info

Company Name MITRAJAYA HOLDINGS BERHAD
Stock Name MITRA
Date Announced 15 May 2024
Category General Announcement for PLC
Reference Number GA1-15052024-00069