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Saturday, 5 August 2017

(The Star) Gadang wins RM475mil hospital job

KUALA LUMPUR: Gadang Holdings Bhd has continued its streak of winning sizeable government-related contracts, bagging a job to design and build Cyberjaya Hospital in Sepang, Selangor, for RM475mil.

In a filing with Bursa Malaysia, the construction and property development firm said its unit Gadang Engineering (M) Sdn Bhd had accepted the letter of acceptance from government-owned Cyberview Sdn Bhd to undertake the proposed development of the 288-bed hospital.

The contract’s amount is bigger than the revenue of its construction division for the entire financial year ended May 31, 2017 (FY17), which was RM275.91mil based on its reported unaudited results.