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NewsYFG unit gets RM255.9 mln contract from Palikota
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YFG unit gets RM255.9 mln contract from Palikota
by Cals Tue 13 Aug 2013, 01:40
YFG unit gets RM255.9 mln contract from Palikota
Business & Markets 2013
Written by Bernama
Monday, 12 August 2013 19:39
KUALA LUMPUR (Aug 12): YFG Bhd's wholly-owned unit, YFG Trolka Sdn Bhd, has received a letter of award from Palikota Sdn Bhd for the building and completion of a proposed commercial and 27-storey condominium development for RM255.9 million.
In a statement today, YFG said the development, known as Jesselton Residences Waterfront, will consist of four levels of premium mall (inclusive two basement levels), five levels of carpark and three blocks of 20-storey super condominium located on the shore front of the Central Business District in Kota Kinabalu.
"The duration of the project is 24 months, commencing from today.
"We do not foresee any exceptional risk other than normal operational risks associated with the project," it said.
YFG said it expected the project to contribute positively to the future earnings and net assets per share of the group," it said.
Palikota Sdn Bhd is a wholly-owned unit of Jesselton Waterfront Holdings Sdn Bhd.
Business & Markets 2013
Written by Bernama
Monday, 12 August 2013 19:39
KUALA LUMPUR (Aug 12): YFG Bhd's wholly-owned unit, YFG Trolka Sdn Bhd, has received a letter of award from Palikota Sdn Bhd for the building and completion of a proposed commercial and 27-storey condominium development for RM255.9 million.
In a statement today, YFG said the development, known as Jesselton Residences Waterfront, will consist of four levels of premium mall (inclusive two basement levels), five levels of carpark and three blocks of 20-storey super condominium located on the shore front of the Central Business District in Kota Kinabalu.
"The duration of the project is 24 months, commencing from today.
"We do not foresee any exceptional risk other than normal operational risks associated with the project," it said.
YFG said it expected the project to contribute positively to the future earnings and net assets per share of the group," it said.
Palikota Sdn Bhd is a wholly-owned unit of Jesselton Waterfront Holdings Sdn Bhd.
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