Kumpulan Kitacon secures RM54.872 million contract for Rawang factories
The Phase i25 development will include 14 factory units, with construction scheduled to start on Nov 30, 2026.
A wholly owned subsidiary of Kumpulan Kitacon Bhd has secured construction work worth RM54.872 million in Rawang, Selangor, the group said in a stock exchange filing. The project is at Taman Perdagangan Elmina.
The award came from Sime Darby Property (Elmina North) Sdn Bhd, a subsidiary of Sime Darby Property Bhd. Kumpulan Kitacon said its unit accepted the job on Nov 7, 2026.
Under the contract, the unit will build and complete Phase i25. Plans cover 14 detached factory units of varying types, each two-storey, alongside refuse chambers and bays for electric vehicle (EV) charging. Electrical infrastructure comprises two distribution substations and one main switch station.
The scheduled start date is Nov 30, 2026, with a completion period of 22 months. The group's shares traded unchanged at 63 sen following the midday break, putting its market value at RM315.214 million.
