News about JV

Additionally, SCIB is seeking a court order to compel Awana to discharge SCIB as the corporate guarantor for the loan facility within 30 days from the date of judgment.

Its property development segment also saw an increase in operating profit to RM37 million from RM25 million a year ago, as revenue rose to RM384 million from RM240 million.

The scope of works under the contract consists of the design, supply, installation, testing, commissioning and maintenance of a new automatic train control system to replace the existing signalling and train control systems on Perth’s suburban rail networks.

Chin Hin said the demand for building materials in Malaysia remains robust, with economic growth expected to normalise in 2024, supported by ongoing major infrastructure projects.

The estimated time frame for completion of the project is March 2028, or 54 months from the date of the JV agreement.

Share of results of JVs shot up to RM225.

KUALA LUMPUR (May 24): UOA Development Bhd is diversifying into caregiving services involving patients and senior citizens under a proposed joint venture (JV) which will enable the property developer to venture into the new business.

KUALA LUMPUR (Oct 20): Permodalan Nasional Berhad (PNB), KWEST Sdn Bhd and AREA Group of Companies (AREA) have entered into a joint venture (JV) for the development of COMPASS @ Kota Seri Langat (KSL), a freehold integrated industrial and logistic hub in Selangor.

KUALA LUMPUR (July 16): MajuPerak Holdings Bhd’s subsidiary Syarikat Majuperak Bhd has entered into a Joint Venture (JV) agreement today with JT Gardens Sdn Bhd to undertake a residential development project for affordable housing in Perak.

KUALA LUMPUR (Dec 31): Eastern & Oriental Bhd (E&O) and Mitsui Fudosan Co Ltd have inked a joint-venture (JV) agreement to develop luxury residences with a gross development value of RM348 million in Damansara Heights.