News by syafiqah Salim

In a filing with Bursa Malaysia, Advancecon said the 12-month contract was offered by Yayasan Sarawak, with work commencing after the possession of the site.

The project, which will include the construction of two power substations, will start on Jan 5 and be completed in 20 months, according to Inta Bina's bourse filing on Thursday (Dec 30).

In a bourse filing, Malton said MTrustee Bhd, acting as the trustee of Pavilion REIT, has accepted an invitation from its subsidiary Regal Path Sdn Bhd to commence discussion for the potential sale of the mall.

According to a statement, Advancecon's group chief executive officer Phum Ang Kia has been able to expand its business to include quarry operations in its model, despite the impact of Covid-19 on the construction and infrastructure sectors for the past year.

Gamuda’s quarterly revenue also decreased by 15.74% to RM747.11 million from RM886.67 million in the immediate preceding quarter. 

The group signed the letter of acceptance last Friday (Dec 17) for the supply, delivery, installation, testing, commissioning, operations and management of network infrastructure for PNB's new office at Merdeka 118.

The group said it is acquiring the stake in Space Alliance Contracts Sdn Bhd to tap into the renovation industry.

Eco World Development Bhd (EcoWorld)’s net profit dropped 42.72% to RM42.84 million for the fourth quarter ended Oct 31, 2021 (4QFY21), from RM72.27 million a year ago, on lower contribution from its Malaysian joint ventures (JVs) and its international arm Eco World International Bhd (EWI) due to the lockdown.

The group said this was mainly due to share of losses in joint ventures, and higher finance cost following cessation of capitalisation of finance cost on general borrowings in tandem with the handover of apartment units in Yarra One in Melbourne.

Under the exercise, up to 55.76 million new shares, representing 10% of JHM’s 557.6 million issued shares, will be issued to independent third party investors to be identified later, the semiconductor group said in a bourse filing.