Vestland Berhad’s wholly-owned subsidiary successfully bagged a RM93.0 million Design & Build contract, increasing the total job wins in 2023 to-date to RM645.6 million

• Total contract value of RM93.0 million awarded to Vestland Resources Sdn Bhd by Mercu Majuniaga Sdn Bhd.
• Total job wins of RM645.6 million in 2023 to-date.
• Total outstanding order book value of approximately RM1.7 billion

Shah Alam, Monday, 17th July 2023 – Vestland Berhad (“Vestland” or “the Group”) is pleased to announce that Vestland’s wholly-owned subsidiary, Vestland Resources Sdn Bhd has been awarded a Design & Build contract from Mercu Majuniaga Sdn Bhd, a recurring customer of Vestland, worth RM93.0 million.

The contract relates to a Design & Build project for three blocks of fifteen-storey apartments and related facilities located at Kelab Golf Sultan Abdul Aziz Shah, Shah Alam, Selangor. The construction work shall be completed within 48 months from the commencement date.

In 2023 calendar year-to-date, Vestland has successfully bagged a total of RM645.6 million worth of contracts. Including the recent job win, Vestland has a total outstanding order book value of approximately RM1.7 billion.

“We are proud to announce the new contract awarded by Mercu Majuniaga Sdn Bhd which signifies their trust in us as a result of our consistent and high standards of quality,” stated Datuk Liew Foo Heen, Group Managing Director of Vestland. “The newly awarded contract further strengthens our outstanding order book to RM1.7 billion and adds on to our year-to-date successful job wins of RM645.6 million, providing a strong earnings visibility to the Group in the next 3-4 years to come. Vestland shall continue leveraging on its specialised Design & Build capabilities to establish higher benchmarks and further solidify our position in the industry.”