Pasukhas said the claims launched against its 70%-owned unit Pasukhas Construction Sdn Bhd by the main contractor were over alleged wrongful repudiation and negligence in performing the work.
Ahmad Zaki group managing director Datuk Seri Wan Zakariah Wan Muda said its effort of balancing project-based income with income generated through recurring sources are now "bearing fruit".
Residents of Taman Tun Dr Ismail (TTDI) has obtained leave from Kuala Lumpur High Court to pursue a judicial review against Dewan Bandaraya Kuala Lumpur (DBKL) and the KL mayor.
Mitrajaya said the property development division posted a pre-tax profit of RM7.29 million in 2QFY17 compared with a pre-tax loss of RM1.35 million in 2QFY16 as revenue surged 145% year-on-year to RM34.88 million.
More infrastructure and affordable housing projects expected in lead-up to GE14 — RAM
RM140 million earnings contribution from the Battersea project.
MMC said it remains positive of its prospects driven by stable performances of its operating companies together with contributions from ongoing construction projects.
The group, which produces and sells firefighting equipment, said the construction contract was awarded by Pencala Jaya Sdn Bhd to its wholly-owned unit, Fitters Construction Sdn Bhd.
Under the Memorandum of Understanding, mTouche and MNC Wireless will form an equity joint venture company to provide financial support to homebuyers of SPNB’s affordable housing project.
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