Bursa Alert
Global Market
NewsZecon to build RM606m children hospital
Page 1 of 1
Zecon to build RM606m children hospital
by Cals Sat 24 Aug 2013, 23:40
Published: Saturday August 24, 2013 MYT 12:00:00 AM
Updated: Saturday August 24, 2013 MYT 7:33:53 AM
Zecon to build RM606m children hospital
PETALING JAYA: Zecon Bhd’s unit, Zecon Medicare Sdn Bhd, has inked a 30-year concession agreement to build a children’s specialist hospital at University Kebangsaan Malaysia with the Government via the Education Ministry for RM606mil.
The contract includes the total construction cost for the planning, designing, financing, development, construction, landscaping, equipping, installation, completion, testing and commissioning of the said hospital.
The concession for the hospital’s asset management services would entail an estimated payment for the maintenance services charges of RM4.5mil per month once construction is completed and issued with a certificate of acceptance by the Government.
According to its statement to Bursa Malaysia, the construction is expected to be completed within 54 months.
“The project (comprising construction of the facilities and infrastructure and asset management services) is not expected to contribute positively towards the earnings and net assets of the group for the next 4.5 years,” it said.
Updated: Saturday August 24, 2013 MYT 7:33:53 AM
Zecon to build RM606m children hospital
PETALING JAYA: Zecon Bhd’s unit, Zecon Medicare Sdn Bhd, has inked a 30-year concession agreement to build a children’s specialist hospital at University Kebangsaan Malaysia with the Government via the Education Ministry for RM606mil.
The contract includes the total construction cost for the planning, designing, financing, development, construction, landscaping, equipping, installation, completion, testing and commissioning of the said hospital.
The concession for the hospital’s asset management services would entail an estimated payment for the maintenance services charges of RM4.5mil per month once construction is completed and issued with a certificate of acceptance by the Government.
According to its statement to Bursa Malaysia, the construction is expected to be completed within 54 months.
“The project (comprising construction of the facilities and infrastructure and asset management services) is not expected to contribute positively towards the earnings and net assets of the group for the next 4.5 years,” it said.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Zecon unit gets RM606m govt concession to build/manage hospital
» Zecon gets LOI to build Petra Jaya Hospital in Kuching
» Update Zecon clinches RM495 million Sarawak hospital job
» Zecon vies to get contract for 250-bed specialist hospital in Cheras (7028)
» IHH buys HK land to build hospital, to spend RM2b
» Zecon gets LOI to build Petra Jaya Hospital in Kuching
» Update Zecon clinches RM495 million Sarawak hospital job
» Zecon vies to get contract for 250-bed specialist hospital in Cheras (7028)
» IHH buys HK land to build hospital, to spend RM2b
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum