KUALA LUMPUR (Oct 18): Exsim Hospitality Bhd (KL:EXSIMHB), previously known as Pan Malaysia Holdings Bhd, said on Friday that its wholly owned subsidiary Exsim Concepto Sdn Bhd has won a sub-contract work package for RM60 million.
According to a bourse filing, the work package, which is awarded by Totalbuildz Sdn Bhd, involves the designing and building of architecture, as well as interior design and fit-out works to 294 rooms in the Building E of Empire City at Damansara Perdana, Selangor.
Exsim Hospitality also said the contract will begin from Oct 18, subject to further confirmation by the main contractor.
The work duration is expected to be about 18 months, and there is also a defect liability period of twelve months from the date stated in the certificate of practical completion of works.
The award is expected to contribute positively to Exsim Hospitality’s net assets per share, earnings per share and gearing levels throughout the work duration.
Shares of Main Market-listed Exsim Hospitality closed up half sen or 1.4% to 35 sen on Friday, giving it a market capitalization of RM325.1 million.
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Source: EdgeProp.my
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