News by theedgemarkets.com

Following the termination, Zecon will be buying back the project from PR1MA for RM63.56 million, which includes the land cost. 

Quarterly revenue increased by 18.34% to RM186.73 million compared to RM157.8 million.

“The company wishes to announce that AZSB has received notification from the petitioner (EPB) that the petition has been struck off with liberty to file afresh.”

The property developer has been loss-making since 1QFY2022.

... after the pair mutually agreed that AZSB would settle an RM11.05 million outstanding sum by way of 11 monthly instalments.

Perak Transit accepted the extended agreement to provide the same scope of services to Touch Matrix Sdn Bhd via its wholly-owned PTrans Resources Sdn Bhd. 

Civil engineering group Sarawak Consolidated Industries Bhd (SCIB) said it has withdrawn from proposed engineering, procurement, construction and commissioning (EPCC) contracts involving a specialist hospital project in Johor Bahru.

RHB Investment Bank Research has maintained its "neutral" call on the construction sector, after considering the risks in public infrastructure projects, but advocated that contractors focus on newer projects, such as data centres and industrial jobs.

Industrial mold manufacturer MQ Technology Bhd (MQ Tech) has proposed to diversify into property development.

The Federal Court had on Friday (Jan 20) in a landmark decision ruled that for any hill top or hill slope development projects which are designated as environmentally sensitive in a development plan, approval has to be gained from the National Physical Planning Council (NPPC) as stipulated under Section 22(2A)(c) of the Town and Country Planning Act 2001 (TCPA).