News about EC

The construction company — formerly known as M-Mode Bhd — however, did not provide any details about the project in its bourse filing.

The freehold plots, measuring 56,231 sq m, are free from encumbrances and only meant for industrial purposes (warehouse).

The land is currently pledged to a bank for a loan facility of RM21 million, with an outstanding loan of RM17.

Under the agreement, SysAIU is responsible for sourcing all necessary equipment and infrastructure for the project, including graphics processing units (GPUs), servers, storage systems and cooling equipment.

The Housing Credit Guarantee Scheme is set to incentivise first-time homeownership, boosting growth in the residential real estate sector in the second half of the year.

The loss-making company added that it expects the contract to contribute positively to its revenue and earnings from the financial year ending June 30, 2025 onwards.

Dexter Koh, deputy president, Malaysian Institute of Architect: “I don’t think all projects should be halted and I sense this as a knee-jerk reaction to the problem,” KUALA LUMPUR (Aug 30): The suspension of new construction approvals in the city and the requirement for all projects to comply with geotechnical reports is an “overkill”, said Dexter Koh, deputy president, Malaysian Institute of Architects.

In a filing with Bursa Malaysia on Wednesday, Citaglobal said it has entered into a binding term sheet with Tree Technologies for the proposed joint venture (JV), based on an equity shareholding of 65% for Citaglobal and 35% for Tree Technologies.

The directive was issued by Kuala Lumpur Mayor Datuk Seri Maimunah Mohd Sharif, according to a letter issued by DBKL's executive director for planning Datuk Zulkurnain Hassan on Monday.

This partnership follows the success of two CLQ projects in Ipoh.