Ivory Properties Group Bhd's external auditor Messrs UHY has flagged a material uncertainty that may cast significant doubt on the Penang-based property developer’s ability to continue as a going concern.
Shares of piling and engineering firm Top Builders Capital Bhd will be delisted from the Main Market of Bursa Malaysia on Aug 8.
Building materials wholesaler and distributor Unitrade Industries Bhd is teaming up with Invest Kedah Bhd to jointly develop modular housing systems as centralised labour quarters (CLQs) in Kedah.
Builder Siab Holdings Bhd is acquiring Taghill Projects Sdn Bhd for RM122 million to be fully satisfied via a combination of RM96 million cash and RM26 million via issuance of Siab shares at an issue price of 13 sen each. Taghill is also a construction company, but is currently serving different clients from Siab.
"Every product has differing input costs and is not the sole derivative for the decision on pricing."
The sukuk, which has a tenure of five years, will also be used for general corporate purposes of the group and/or of any joint ventures, as well as to refinance any existing borrowings.
Property developer Tanco Holdings Bhd has proposed to raise RM100 million through an allotment of 100 million redeemable preference shares (RPS) of RM1 each to the Social Security Organisation (Socso).
Property developer NCT Alliance Bhd has proposed a private placement to raise up to RM48.37 million to fund property development activities and for working capital.
Dolomite Corp Bhd, which is involved in property development, construction and sand mining activities, has been ordered by the High Court here to wind up due to its failure to repay US$38.19 million (RM177.38 million) of debt.
PJD Link (M) signed a concession agreement with the Government on April 5 this year.
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