Sunway Construction Group Bhd's (SunCon) subsidiary, Sunway Construction Sdn Bhd, has clinched a contract worth RM747.8 million to construct a data center for a leading US multinational technology corporation in Selangor.
The project is scheduled to commence on May 15 and expected to be completed by the second quarter of 2027.
While the project is not anticipated to have an immediate material impact on SunCon's financial metrics for the fiscal year ending 2024, it is projected to contribute positively to the company's earnings from 2024 onwards, barring any unforeseen circumstances.
SunCon's share price closed unchanged at RM2.73 today, maintaining its market capitalisation at RM3.53 billion.