Mutiara Damansara's New 4-Star Hotel

BOUSTEAD Holdings Bhd's (BHB) unit, Boustead Building Materials Sdn Bhd, has been awarded a RM18.9 million deal from from Boustead Hotels and Resorts Sdn Bhd, also a subsidiary.

In a filing to Bursa Malaysia, BHB said the contract involved the construction and completion of earthworks, piling and sub-structure works in relation to the proposed construction of a 12-storey, four-star, 301-room hotel and two levels of basement of car parking in Mutiara Damansara, Selangor.

It said the contract would be funded through bank borrowings and/or internally-generated funds.

Bernama 25 March 2009