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Flash Note – Sunway Bhd (BUY, maintain) - Securing RM222m KLCC Package 2 contract




Affin Hwang Investment Bank Bhd


29 Apr 2013





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Securing RM222m KLCC Package 2 piling and substructure contract Sunway announced that its wholly-owned subsidiary, Sunway Construction Sdn Bhd had on 29 April 2013 accepted a letter of award worth RM222m from Cititower Sdn Bhd (a JV between KLCC (Holdings) Sdn Bhd and QD Asia Pacific) for the construction and completion of piling and substructure works for the proposed mixed commercial development for Lot 185 and Lot 167 (K) at Persiaran KLCC (“KLCC Package 2 contract”). The KLCC Package 2 contract has a construction period of 82 weeks upon handling over of site possession which is to be determined later.

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