Boasts Project Pipeline with Continuous Addition of New Sizable Contracts
HONG KONG, Apr 18, 2018 - (ACN Newswire) - BGMC International Limited ("BGMC" or the "Group") (HKEX: 1693), a Malaysia-based construction services company, announced today that its wholly-owned subsidiary has been appointed by Bangsar 61 Sdn. Bhd., a company in real estate investment business, as the main contractor for the construction and completion of earthworks and basement parking lots for a mixed development project in Kuala Lumpur, Malaysia.
The total contracting amount is estimated at approximately RM273.65 million (approximately HK$558.2 million ) and the construction is expected to take about 34 months to complete from the day construction begins. Consisting of office space, business space and parking lots, the mixed development project has a total construction area of approximately 10.17 acres.
Tan Sri Barry Goh, Chairman and Executive Director of BGMC, said, "Thanks to our established reputation, extensive experience and capability of offering integrated construction solutions, we are excited to win another sizable project following the appointment by the Energy Commission of Malaysia to build and develop a large solar PV plant.
"Capitalising on our listing status in Hong Kong and the city's instrumental role in the roll out of China's 'One Belt One Road' Initiative, BGMC is well-poised to grow its construction footprint regionally and in the long run deliver favourable returns to shareholders."
About BGMC International Limited
Founded in 1996, BGMC International Limited is a construction services company based in Malaysia. With an operating history of over 20 years, it provides a wide range of construction services to customers. Armed with experience and expertise in construction services, the Group is capable of undertaking public private partnership (PPP) projects based on the Build, Lease, Maintain and Transfer (BLMT) model that can allow it to generate long-term recurring cash flow.
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