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February 16, 2017

YFG bags RM245 mil job for PR1MA homes

KUALA LUMPUR (Feb 16): YFG Bhd has bagged a RM245 million contract for sub-contract works involving construction of 1Malaysia People’s Housing Programme (PR1MA) houses in Pedas, Rembau, Negeri Sembilan.

In a filing with Bursa Malaysia today, YFG said it has received a letter of award from Wearegold Sdn Bhd for the project.

“The project involves the building and infrastructure works of the proposed development of 1,572 units of PR1MA homes,” it added.

YFG said the project is expected to commence on a date to be notified in writing by Wearegold and to be completed within 24 months.

“The project is expected to contribute positively to the group’s revenue and earnings for the financial year ending Sept 30, 2017,” it noted.

[The Edge Malaysia]

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