News by theedgemarkets.com

In a bourse filing, Seacera said it on Friday (March 25) entered into a joint venture (JV) agreement with Ikhlas via its wholly-owned subsidiary, Seacera Builders Sdn Bhd (SBSB). Ikhlas was in August last year granted sole, exclusive rights by Ribuan Bakat Sdn Bhd to develop several plots of freehold Malay Reserve Land totalling 30.17 acres that Ribuan Bakat owns.

LaLaport BBCC has a total floor area of 133,000 sq m (1.43 million sq ft) and a store area of 82,600 sq m (889,099 sq ft). It has about 400 stores and features a variety of Japanese brands making their first appearance in the country. It is located within the mixed-use development of BBCC in Kuala Lumpur, a joint venture between UDA Holdings Bhd, Eco World Development Group Bhd and the Employees Provident Fund.

In a statement on Thursday (March 24), the construction group said Liew's appointment is part of the group's succession plan.

Comprising 66 units of 2- and 3-storey link villas with built-ups up to 3,730 sq ft, the 5.94-acre Lakefield Residences is 90% sold with the remaining units pending signing of the sale and purchase agreement.

In a filing with the bourse, the manufacturer of high precision stamped and turned metal parts said its net profit fell to RM243,000 from RM2.01 million a year before.

The objectives of the report were to find out what the costs contributing to the overall increase in development costs and prices were, and to provide practical solutions and recommendations to reduce costs so that house prices will be affordable for the rakyat.

The total contract price for the project is fixed at RM20.1 million and is expected to achieve commercial operations on July 31, 2022, according to Solarvest’s bourse filing on Thursday (March 24).

In a statement on Thursday (March 24), the firm said its unit Kejuruteraan Bintai Kindenko Sdn Bhd (KBK) had accepted two letters of award from TNB, appointing it to be the contractor for both contracts.

Gamuda recorded higher joint venture contribution in the quarter, its filing showed. Group earnings per share rose to 7.05 sen, from 4.9 sen per share in 2QFY21.

The company said it could not make the payment within 30 days of the letter of demand dated Feb 4 because it was unable to obtain the relevant financial information within the agreed timeline.