News about FIC

KUALA LUMPUR (March 20): Crest Builder Holdings Bhd said its wholly-owned subsidiary Crest Builder Sdn Bhd has won a contract for construction works in Petaling Jaya worth RM117.

KUALA LUMPUR (March 20): Luster Industries Bhd has proposed to undertake the diversification of its business to include property development and construction.

  PETALING JAYA (March 19): The Chief Registrar’s Office (CRO) of the Federal Court has repudiated claims by the Malaysian Auctioneers Council president Mustafa Osman that the e-Lelong (e-Auction) system implementation was done without properly consulting the relevant stakeholders, reported Bernama.

KUALA LUMPUR (March 15): JAKS Resources Bhd fell 5.

KUALA LUMPUR (March 15): JAKS Resources Bhd, in a dispute with Star Media Group Bhd over the completion and delivery of a property project in Section 13, Petaling Jaya, could end up paying RM50 million in a worst-case scenario, Affin Hwang Investment Bank Bhd said, which would have a negative impact of RM25.

GDB Holdings Bhd (March 12, Unlisted) IPO fair value (FV) at 41 sen.

  KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.

KUALA LUMPUR (March 8): Star Media Group Bhd has dismissed a letter from JAKS Resources Bhd as being a notice of arbitration.

KUALA LUMPUR (March 8): JAKS Resources Bhd gained 0.

KUALA LUMPUR (March 8): JAKS Resources Bhd (pictured) has agreed to complete Tower A of the Pacific Star project in Petaling Jaya by June 30 as demanded by Star Media Group Bhd.