Wawasan Dengkil Holdings Bhd has secured a RM22.7 million contract to build residential units in Sepang, Selangor.
In a Bursa Malaysia filing on Thursday, the group said the letter of acceptance was awarded to its wholly owned subsidiary Wawasan Dengkil Sdn Bhd (WDSB) by the Selangor State Development Corporation (PKNS).
Under the contract, WDSB will construct and complete 56 single-storey residential units. Construction is scheduled to begin on June 8, with completion expected by Oct 24, 2027.
Wawasan Dengkil is involved in construction-related services, including earthworks and civil engineering, trading of building materials, and providing machinery and commercial vehicles for hire. The company said the contract is expected to contribute positively to its net assets per share, earnings per share, and gearing over the project duration.
At the time of writing on Thursday, shares of Wawasan Dengkil were unchanged at 14.5 sen, giving the group a market capitalisation of RM78.3 million. The stock has fallen 35.6% over the past year.
