Sunway City contract

SUNWAY Holdings Bhd’s construction outfit, Sunway Construction Sdn Bhd, has won a RM21.5 million contract from Sunway City Bhd to build 100 units of 2-storey cluster homes and a TNB sub-station at Seksyen U10 in Shah Alam, Selangor.

In a filing to Bursa Malaysia yesterday, Sunway said the project, which is expected to be done by August 1 2011, will start contributing to earnings from this year.

The project is a related party transaction as Tan Sri Dr Cheah Fook Ling is a director and major shareholder of Sunway and SunCity.

By Business Times