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Thursday, September 18, 2014

YFG gets RM17.43mill electrical installation contract (Edge)

YFG Bhd's subsidiary YFG Engineering Sdn Bhd has received a letter of reward from Pembinan Mitrajaya Sdn Bhd for an electrical installation contract worth RM 17.435 million.

According to the group’s filing to Bursa today, the electrical works are for two apartment blocks of 800 units, the blocks’ parking bays and their surrounding recreational amenities, among others, at the Symphony Hills project in Cyberjaya.

The project commenced on Sept 17 and is expected to be completed by Aug 11, 2016.

"The project is expected to contribute positively to the future earnings and net assets per share of the group," it said.

YFG closed unchanged at 11.5 sen, with 705,100 units traded.

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