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Country Garden receives DoE approval for Forest City project

KUALA LUMPUR (Jan 14): Country Garden Pacificview Sdn Bhd (CGP), the master developer for the controversial Forest City project in Johor, has received the approval on its detailed environmental impact assessment (DEIA) from the Department of Environment (DoE).

Takaso bags RM37.44m construction contract

KUALA LUMPUR (Jan 13): Takaso Resources Bhd has bagged a RM37.44 million-contract to construct a commercial buildings along Jalan Kuching here.

Takaso secured the contract via its wholly-owned subsidiary Takaso Land Sdn Bhd, from OCR Land Holdings Bhd on Jan 12, it told Bursa Malaysia in a filing today.

SP Setia's Precinct 11 new launches exceed expectations

KUALA LUMPUR (Jan 13): SP Setia Bhd, the country's largest property company by market capitalisation, saw the launch of its 3-storey terrace houses dubbed "Caffra" fully taken up, as well as its 3-storey semi-detached Serrata homes 95% taken up, at Precinct 11, Setia Alam, Selangor within a day on Sunday.

Merdeka project CEO joins SP Setia board as non-executive director

KUALA LUMPUR (Jan 12): SP Setia Bhd has appointed PNB Merdeka Ventures Sdn Bhd CEO Tengku Datuk Abdul Aziz Tengku Mahmud to its board as a non-executive director, the group told Bursa Malaysia today.

PNB Merdeka Ventures is a wholly-owned unit of Permodalan Nasional Bhd, which is responsible for the development of the 118-storey Warisan Merdeka project.

Mammoth Empire’s Ng to throw ‘party of the century’

KUALA LUMPUR: Media-shy, hot-shot developer Datuk Sean Ng Yee Teck, 43, will be throwing an exclusive “party of the century” on Jan 23 at the site of the Empire City development located along the Lebuhraya Damansara-Puchong (LDP) highway.

Mah Sing sets rights issue price at RM1.42 each

KUALA LUMPUR (Jan 9): Mah Sing Group Bhd has fixed the issue price for its proposed rights issue at RM1.42 per rights share, at an entitlement basis of 3 rights shares for every 10 existing shares held.

The entitlement basis for the warrants has also been fixed at 3 free warrants for every 10 rights shares subscribed, with the exercise price of the warrants fixed at RM2.63 each.

Kimlun gets RM110.6m jobs in Johor

KUALA LUMPUR (Jan 9): Kimlun Corporation Bhd has been awarded two projects with a collective contract value of RM110.6 million.

The first contract worth RM63.6 million and awarded by Tentu Teguh Sdn Bhd — a subsidiary of United Malayan Land Bhd, entails the main building works for 89 units of factories in Johor Bahru, which are expected to be completed in December next year.