Gadang faces RM19 mil hit from termination of joint development in Cyberjaya
The termination is in respect of the undeveloped phases of the project, Gadang said in a bourse filing on Friday.
Gadang to sell leasehold land in Damansara Perdana for RM65m
The exercise, which is expected to be completed by the first quarter of 2025, will reduce the group’s interest-bearing borrowings to RM171.
Gadang says RM9.77m claimed by subcontractor is idling costs that are not payable
Gadang also referred to the delay in making an immediate announcement about the suit, explaining that ongoing negotiations between the parties initially aimed to resolve the matter amicably.
TA Securities downgrades Gadang to 'sell', cuts target price to 37 sen
In a note on Thursday, the research house said this negative variance was primarily due to higher-than-anticipated project operating costs and tax expenses.
Gadang narrows losses in 4Q on higher construction revenue
For the full year, Gadang returned to the black with a net profit of RM4.
Gadang fails in appeal to EPU for Bumi equity waiver to buy Kwasa Damansara land
With the SPA terminated, the parties will now revert to the development rights agreement inked, it said.
Haily shares near all-time high after securing RM109.5m housing job
Currently, the stock is not covered by any analysts.
Haily bags RM109.5 mil housing jobs in Johor from Gadang’s unit
The value of the latest contract is higher than Haily’s market value of RM93.
Gadang to lodge appeal over Bumi equity requirement in Kwasa Damansara land acquisition
The builder-cum-property developer said the EPU had on Monday rejected its proposed acquisition as it did not meet the 30% Bumiputera equity ownership requirement.
