|Enriches Project Pipeline with Strong Customers Base|
HONG KONG, Mar 4, 2019 - (ACN Newswire) - BGMC International Limited ("BGMC" or the "Company", together with its subsidiaries, "BGMC Group" or the "Group") (HKEX: 1693), a Malaysia-based company with its subsidiaries mainly involved in providing construction services, announced today that its indirect wholly-owned subsidiary has entered into a sub-contract with the main contractor, MRCB Builders Sdn Bhd, an engineering and construction arm of Malaysian Resources Corporation Berhad ("MRCB"), in relation to the construction and completion of structural and architectural works for Tower 1 Blocks, architectural only works for basement, podium, facilities floors and remaining balance of podium structure works up to transfer floor (the "Works"), on a proposed 46-storey commercial development comprising tower blocks and podium block, on Lot 266, 349 and Government Land, at Tun Sambanthan Road, Section 72, in the City of Kuala Lumpur, Malaysia.
The estimated sub-contract sum is approximately RM327 million (approximately HK$638 million). The construction period for the Works is approximately 21 months from the date of possession of site and are scheduled to be completed on 30 November 2020.
Tan Sri Barry Goh, Chairman and Executive Director of BGMC, said, "With an established industry reputation and a proven 20-year track record of delivering integrated and professional construction services, we are pleased to win another project from our well-known business partner, MRCB, who has engaged with us continually, which is a testament to our strong customer base. Looking forward, we will keep on striving for tendering for various construction projects, in order to deliver favorable returns to our shareholders."
About BGMC International Limited and the Group
Founded in 1996, BGMC Group is based in Malaysia with its subsidiaries mainly involved in providing construction services. With an operating history of over 20 years, it provides a wide range of construction services to customers. Armed with experience and expertise in construction services, the Group is capable of undertaking public private partnership (PPP) projects based on the Build, Lease, Maintain and Transfer (BLMT) and Build, Own and Operate (BOO) models that can generate long-term recurring cash flow.
Topic: Press release summary
Source: BGMC International Limited
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network
Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.