Mitrajaya Bags RM70ml Construction Deal in Langkawi for Serviced Apartment Project.

Mitrajaya Holdings Bhd's wholly-owned subsidiary, Pembinaan Mitrajaya Sdn Bhd, has secured a RM70mil contract for the construction of an eight-storey serviced apartment in Langkawi, Kedah. The serviced apartment will be used as a training center and staff recreational facilities. The contract is expected to contribute positively to the earnings and net assets of MHB Group for the financial years ending Dec 31, 2025, and 2026.

KUALA LUMPUR, May 26, 2025 — Mitrajaya Holdings Bhd's wholly-owned subsidiary, Pembinaan Mitrajaya Sdn Bhd, has been awarded a significant contract worth RM70 million for the construction of an eight-storey serviced apartment in Langkawi, Kedah. The contract, announced on May 23, 2025, is expected to contribute positively to the earnings and net assets of Mitrajaya Holdings Bhd (MHB) for the financial years ending December 31, 2025, and 2026 [1].

The serviced apartment will serve as a training center and staff recreational facilities. The contract duration is 24 months, with site possession expected by the end of June 2025. This project is a testament to MHB's growing portfolio in the construction sector, particularly in the serviced apartment segment [2].

Pembinaan Mitrajaya Sdn Bhd, the construction arm of MHB, has accepted the letter of award dated May 14, 2025, from the client, whose identity remains confidential due to a non-disclosure agreement. The contract will not affect the share capital and shareholding structure of MHB [1].

This contract is a significant milestone for MHB, demonstrating the company's ability to secure substantial projects and its commitment to expanding its operational footprint in the region. The construction of the serviced apartment in Langkawi aligns with the company's strategic focus on diversifying its revenue streams and enhancing its market presence [3].

References:
[1] https://www.thestar.com.my/business/business-news/2025/05/23/mitrajaya-bags-rm70mil-construction-contract-in-langkawi
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3RV07A:0-mitrajaya-holdings-says-pembinaan-mitrajaya-awarded-contract/
[3] https://www.nst.com.my/business/corporate/2025/05/1220520/mitrajaya-bags-rm70mil-construction-contract-langkawi