KUALA LUMPUR (Dec 31): Loss-making Top Builders Capital Bhd (formerly known as Ikhmas Jaya Group Bhd) has obtained court orders to restrain its creditors from taking action against the group and its assets, as well as to summon them to attend meetings for the purpose of discussing restructuring arrangements.
KUALA LUMPUR (Oct 1): Top Builders Capital Bhd (formerly known as Ikhmas Jaya Group Bhd) has announced a cocktail of proposals, including debt-to-equity settlement and a rights issue, to lift itself out of the financial woes.
KUALA LUMPUR (March 5): Ikhmas Jaya Bhd said its wholly-owned subsidiary has been served a winding-up petition by Ready Mix Concrete Consortium (TRG) Sdn Bhd (RMCC).
KUALA LUMPUR (Nov 30): Ikhmas Jaya Group Bhd’s independent auditor Messrs KPMG PLT has highlighted material uncertainty on the group’s ability to continue as a going concern after reviewing its interim financial statements.
KUALA LUMPUR (Nov 16): Ikhmas Jaya Group Bhd's wholly-owned unit Ikhmas Jaya Sdn Bhd (IJSB), which had been awarded a contract to undertake earthworks and other works for the construction of seven blocks of serviced apartments, is being sued by the project owner ASM Development (KL) Sdn Bhd, for alleged breach of contract.
KUALA LUMPUR (Sept 26): Ikhmas Jaya Group Bhd and its wholly-owned unit Ikhmas Jaya Sdn Bhd (IJSB) have been served with a winding-up petition from Ipmuda Bhd for owing RM2.
KUALA LUMPUR (June 28): With its expertise in bore piling and foundation works as well as bridge construction, Ikhmas Jaya Group Bhd is confident that it can secure a portion of contracts to be awarded to local companies for the East Coast Rail Link (ECRL) project.
KUALA LUMPUR (June 12): Ikhmas Jaya Group Bhd shares rose 4.