KUALA LUMPUR: Central International Bhd‘s wholly-owned subsidiary, Central International Development Sdn Bhd (CG Development) has secured a RM26.03mil building contract in Labuan from Mewajadi Sdn Bhd.
The Industrial tape producer stated the contract concerned the provision of labour, supplies, equipment, instruments and tools for a undertaking involving the development of quarters for college students and employees for Institut Latihan Perindustrian (ILP) in Labuan, Sabah. The ILP is owned by the Human Sources Ministry.
It stated the contract stipulated March 8, 2022 because the graduation date and Sept 2, 2024 because the completion date.
Central International stated the contract is predicted to offer a gentle stream of income to the group over the subsequent two years and contribute positively to its earnings and web belongings per share in the identical interval.