KUALA LUMPUR: Cymao Holdings Bhd’s unit has secured a RM134.02mil contract for a proposed mixed development project in Sungai Kelian Baru, Perak. It said on Wednesday its unit Billion Apex Sdn Bhd had accepted a letter of award from HYC Properties Sdn Bhd for the contract which includes site clearance, hoarding and earthworks for the project. Cymao said the completion date for the sub-contract works is within 24 months from the starting date. “The company estimated the cost for undertaking the work is to be approximately 80% to 85% of the contract value. The estimated profit to be derived from the award is approximately 15% to 20% of the contract value, ” it said. HYC is the main contractor of the proposed mixed development project.
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