HCK awards RM220 million construction contract for e.Sentral SmartCity
The RM1.8 billion development in Shah Alam is 30% owned by Perbadanan Kemajuan Negeri Selangor.
HCK Capital Group Bhd has appointed Alphazen Contract Sdn Bhd to undertake construction for the opening phase of e.Sentral SmartCity in Shah Alam, Selangor. The RM220 million contract starts work on the RM1.8 billion development, according to HCK Capital’s bourse filing on Oct 15.
The mixed-use project occupies 10-acre in Damansara West. HCK Capital owns 70% of the project, with Perbadanan Kemajuan Negeri Selangor (PKNS) holding 30%. HCK Capital had announced its launch and groundbreaking ceremony in August 2024.
Alphazen, incorporated in 1996, has completed over 13,500 units spanning residential, commercial and hospitality projects. Its previous developments include Residensi Bintang @ Bukit Jalil and Mercu Jalil @ PPAM Bukit Jalil.
The contractor is wholly owned by Alphazen Group Sdn Bhd. The e.Sentral assignment marks the group’s first involvement in a smart city development.
HCK Capital shares ended at RM2.13, down one sen or 0.47%, valuing the group at RM1.36 billion.
