KUALA LUMPUR (April 7): Industrial tape and label stock maker Central Global Bhd has secured a RM26.03 million contract to supply labour, materials, machinery, tools and equipment for a project involving the construction of quarters for students and staff for Institut Latihan Perindustrian (ILP) in Labuan, Sabah.
In a Bursa Malaysia filing on Thursday (April 7), the group said the project, which was secured by its wholly owned subsidiary Central Global Construction Sdn Bhd from third party main contractor Mewajadi Sdn Bhd with a commencement date of March 8, is to be completed by Sept 2, 2024. The ILP is owned by the Human Resources Ministry.
The group said the contract is expected to provide a steady stream of revenue to the group over the next two years and contribute positively to its earnings and net assets per share in the same period.
Shares in Central Global finished unchanged at 94 sen on Thursday, valuing the group at RM95.75 million.
Source: TheEdge - 8 Apr 2022
