A joint venture (JV) between Fajarbaru Builder Group Bhd (KL:FAJAR) and Avionics Pty Ltd has secured a RM131.6 million contract from the Australian Department of Defence that expands their scope of works in the redevelopment of military facilities located at the Royal Malaysian Air Force (RMAF) base in Butterworth, Penang.
Senheng New Retail Bhd (KL:SENHENG) is disposing of a piece of freehold industrial vacant land in Tebrau, Johor, measuring 1.041ha for RM11.21 million cash.
Ge-Shen Corp Bhd (KL:GESHEN) is to sell Johor Bahru land measuring 4.61 acres in aggregate, with an office, a warehouse, and a factory built atop, for RM35 million in cash.
Noteworthy:
When: September 2024
The listing offers investors up to 30% stake in the company, which made a net profit of RM46.02 million on revenue of RM200.81 million in the financial year ended Dec 31, 2023.
This tour, which will be held on Feb 15 and 16, will centre around the theme of “Augmentic — Synergy of Augmentation in Architecture”.
The dispute pertains to Vienna Advantage’s alleged failure to supply and implement enterprise resource planning and related services agreed upon under various agreements inked between July 2019 and November 2023.
This came after Tiong converted warrants into 2.6 million shares or a 0.42% stake on Jan 28.
The real estate developer said the higher NPI was driven by nine newly acquired properties during the year under review, although it was partially offset by a higher finance cost of RM6.9 million from higher borrowings.
The proposed disposal of the Capri on Via Roma property for A$85.5 million (RM233.42 million) is part of Mulpha International's capital recycling initiative aimed at strengthening its cash flow and streamlining its asset portfolio.
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