The scope of works includes management of subcontractors appointed by the main contractors and the handling of financial matters which include fulfilling payments to the sub-contractors promptly, said Kanger.
The land being sold to AT Glove Engineering Sdn Bhd was valued at RM11.7 million by an independent valuer in June 2015, Seacera said in a filing to Bursa Malaysia.
... to raise an indicative maximum amount of RM23.03 million, which will partly fund the group’s planned land acquisition in Melaka and development costs of the tract.
In an independent advice circular posted on Bursa Malaysia’s website today, independent advisor DWA Advisory Sdn Bhd said the 65.5 sen offer price for the shares that Tiah does not own (through TA Securities Holdings Bhd) constituted a discount of RM1.60 to RM1.61 or 71.11% to 71.24% to the estimated value of TAE shares, which are between RM2.25 and RM2.26 per share based on a sum of parts valuation
The company announced that its wholly-owned subsidiary Greatech Integration (M) Sdn Bhd (GIM) had entered into the sales and purchase agreement with the state’s development agency for the acquisition of the land, which is located in Batu Kawan Industrial Park. The purchase will be funded through internally generated funds.
Selangor reported today the highest daily number of new Covid-19 cases at 557.
Sanitisation work is being carried out in the premises.
Sentoria will be using RM26.7 million of the sale proceeds to repay bank borrowings, which it noted will save it RM1.6 million worth of interest per year
“We are still waiting for a few additional info from Pfizer but this means it can be used in Malaysia.”