KUALA LUMPUR: Central Global Bhd’s wholly-owned subsidiary, Central Global Construction Sdn Bhd (CG Construction) has secured a RM26.03mil construction contract in Labuan from Mewajadi Sdn Bhd.

       The Industrial tape manufacturer said the contract involved the supply of labour, materials, machinery, tools and equipment for a project involving the construction of quarters for students and staff for Institut Latihan Perindustrian (ILP) in Labuan, Sabah. The ILP is owned by the Human Resources Ministry.

       It said the contract stipulated March 8, 2022 as the commencement date and Sept 2, 2024 as the completion date.

       Central Global said the contract is expected to provide a steady stream of revenue to the group over the next two years and contribute positively to its earnings and net assets per share in the same period.