News by Luqman Amin

AWC said the five-year contract will run from Dec 12, 2024, to Dec 11, 2029. 

Sabah-based Azam Jaya Bhd (KL:AZAMJAYA) ended its debut on the Main Market of Bursa Malaysia on Monday with a closing price of RM1.09, a 39.74% or 31 sen rise from its initial public offering price (IPO) of 78 sen.

The company expects Sabah to remain as its core market, adding that “there is a lot more to do".

At its last price, the company had a market capitalisation of RM540 million.

The three-phase contract was awarded to its wholly-owned subsidiary, Aneka Jaringan Sdn Bhd, by GDP Architects Sdn Bhd on behalf of Murni Lapisan Sdn Bhd. 

This follows the High Court’s October ruling that the Duta Enclave should be returned to Semantan Estate, effectively declaring the government’s 1956 acquisition of the land invalid.

The government will not impose restrictions on property investments or limit the number of homes one can purchase, said Housing and Local Government minister Nga Kor Ming.

AME Real Estate Investment Trust's (KL:AMEREIT) proposed acquisition of four single-storey detached factories in Johor for RM119.45 million has been deemed fair and reasonable, according to independent adviser MainStreet Adviser Sdn Bhd.

Construction outfit Fajarbaru Builder Group Bhd (KL:FAJAR), which in April clinched a deal to build apartments under the first phase of WCT Holdings Bhd's (KL:WCT) AdisonWest development in Johor Bahru, has now been awarded the contract for the second phase.

Electrical and mechanical engineering firm LFE Corp Bhd (KL:LFECORP) has secured a subcontract worth RM38.8 million at the hyperscale data centre being developed in Elmina Business Park in Sungai Buloh.