News by Syafiqah Salim

TAFI Industries Bhd via its wholly-owned unit TAFI Home & Office Sdn Bhd (THOSB) has been awarded a RM9.66 million contract to build a factory in Kuala Langat, Selangor.

Borrowers of the Employees Provident Fund (EPF) Account 2 Support Facility (FSA2) programme are at risk of being blacklisted if they fail to repay the financing received from the support programme in the required payment period.

Property developer Tambun Indah Land Bhd said it has proposed a first and final single tier dividend of 5.6 sen per share for the financial year ended Dec 31, 2022 (FY2022), to be approved by shareholders at its upcoming annual general meeting.

However, this withdrawal is conditional where the withdrawal payment will only be made to the banking institution when the member reaches the age of 50 to 55, as stipulated in the EPF Act 1951.

Knusford Bhd is disposing of a freehold property in Semenyih for RM11.9 million cash, proceeds of which will be used for working capital.

He will serve as alternate director to non-independent non-executive director Cheng Hsing Yao.

Adam said the lack of new infrastructure projects in the pipeline, aside from the MRT3, could continue to dampen construction sector sentiment, in addition to the rising cost of building materials, such as steel bars.

Full-year net profit rose to RM180.05 million, from RM160.86 million for FY2021.

Quarterly revenue also surged to RM101.5 million, from RM47.44 million previously.

Danny Tan Chee Sing holds a 21.35% direct stake and 33.76% indirect stake in the property developer.