News by Seah Eu Hen

In a bourse filing, Pensonic said its wholly-owned Pensia Electronic Sdn Bhd (PESB) has inked a sale and purchase agreement (SPA) with HZGP on Monday (May 9) to dispose of the plot, which measures 1.2ha, together with the structures on it, comprising an office block and two two-storey warehouses, a guard house and ancillary buildings.

This comes as revenue increased 10% to RM138.78 million from RM126.21 million on higher revenue rent and income from advertising, after more economic sectors and businesses were allowed to re-open under Phase 4 of the National Recovery Plan. 

In a bourse filing, Seacera said it on Friday (March 25) entered into a joint venture (JV) agreement with Ikhlas via its wholly-owned subsidiary, Seacera Builders Sdn Bhd (SBSB). Ikhlas was in August last year granted sole, exclusive rights by Ribuan Bakat Sdn Bhd to develop several plots of freehold Malay Reserve Land totalling 30.17 acres that Ribuan Bakat owns.

The total contract price for the project is fixed at RM20.1 million and is expected to achieve commercial operations on July 31, 2022, according to Solarvest’s bourse filing on Thursday (March 24).

In a bourse filing on Tuesday (March 22), Encorp said the project will be split into two phases for the development of 25 acres and 21 acres, respectively.

MoF will issue government-guaranteed Islamic bonds to raise the required funds for the massive rail transportation project, according to Mass Rapid Transit Corp Sdn Bhd (MRT Corp) chief executive officer (CEO) Datuk Mohd Zarif Hashim.

Speaking at MRT Corp’s media briefing, its chief executive officer Datuk Mohd Zarif Hashim (pictured) said the project’s construction cost is expected to be RM31 billion pending confirmation after the completion of the open tender exercise.

The minister told the media that the jobs will be awarded in the fourth quarter of this year.

In a bourse filing on Thursday (March 10), Solarvest said one of the projects was awarded by Teja 1 Sdn Bhd, with a capacity of 15MW and valued at RM54.4 million. It will be developed in Kampar and is expected to be commercially operational by Dec 14, 2022.

Ireka first triggered the criteria for PN17 under Bursa's Main Market Listing Requirements in August 2020, after its auditors highlighted a material uncertainty relating to its ability to continue as a going concern regarding its audited financial statements for the financial year ended March 31, 2020 (FY20), and its shareholders’ equity had fallen to RM77.51 million or 42.67% of its RM181.29 million share capital as at end FY20, which was below the required 50% threshold.