Seacera unit wins RM250m PR1MA contract

PETALING JAYA: Seacera Group Bhd’s 80%-owned subsidiary has bagged a RM250 million 1Malaysia People’s Housing Scheme (PR1MA) project in Rembau, Negri Sembilan.
The group said in a filing with the stock exchange today that it had accepted a letter of intent from Wearegold Sdn Bhd for the construction and completion of 1,572 houses.
The completion period for the contract is 30 months.
Seacera expects the contract to contribute positively towards its earnings and net assets for the financial year ending Dec 31, 2018.
Seacerta shares rose two sen to close at RM1.35 today, on some 2.46 million done, giving it a market capitalisation of RM332.17 million.