Seacera unit bags RM202.8m housing development contract in Terengganu

PETALING JAYA: Seacera Group Bhd’s wholly-owned subsidiary Seacera Builders Sdn Bhd has bagged a mixed development housing contract worth RM202.8 million from Fire Global Development Sdn Bhd.

In a filing with Bursa today, the group said the contract is for the proposed design, construction, completion and commissioning of a mixed development housing on a 110.87 acres of government land in District of Setiu, .

It said the 60-month contract is planned for 989 units of landed houses with expected gross development value (GDV) of RM242 million, and is targeted for government staff.

The contract is expected to contribute positively towards the group’s earnings and net assets for the ending Dec 31, 2018 and beyond.

At 12.30pm, Seacera gained one sen or 1.28% to 79 sen with 543,800 shares changing hands.

Source: The Sun Daily

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