Despite dwindling contributions from its department stores (due mainly to an increasing shift in consumer preference to more trendy options such as Uniqlo, Topshop and Zara), revenue at the retail segment grew 5% in the financial year ended Dec 31, 2016 (FY16).
We have identified four mega rail projects that will be rolled out over the next two to three years. These include the East Coast Rail Link (ECRL), Kuala Lumpur-Singapore High-Speed Rail (HSR), Gemas-Johor Bahru electrified double-tracking (EDT) project and mass rapid transit 3 (MRT3) Circle Line. Collectively, these mega rail projects will have a total cost of RM171 billion.
The factory will be located at its Sendayan TechValley, Bandar Sri Sendayan, with a planned capital expenditure (capex) of RM30 million (excluding the cost of a 12-acre [4.86ha] industrial land).
Sunway Construction Group Bhd (SunCon) was awarded an RM152.4 million contract for the engineering, procurement, construction and commissioning of the gas district cooling plant 1 in Precinct 1, Putrajaya, involving both a chilled water supply system and power generation system. The job was awarded by the Putrajaya Group, and works will span from March 2017 to August 2018.
The property was acquired back in April 2014 at a cost of C$70.2 million with a planned gross development value of C$516.9 million.