NCT plans another private placement to fund property development projects
Based on the illustrative gross proceeds, the company in a filing with Bursa on Thursday (Aug 10) said almost all of it or RM53.
Based on the illustrative gross proceeds, the company in a filing with Bursa on Thursday (Aug 10) said almost all of it or RM53.
“[From this average figure], clients will normally spend about 50% to 70% on furnishing.
The research house said Malaysia's construction activity in the second quarter of 2023 expanded for the fifth straight quarter since 2Q2022, reporting an increase of 8.
“The increment (in 2Q2023 construction value) was supported by double-digit growth in the civil engineering sub-sector, which grew by 10.
The group said its wholly-owned subsidiary LLB Bina Sdn Bhd has signed a deed of mutual termination with the land owner, Premier Land Resources Sdn Bhd, to terminate the agreement in relation to the acquisition entered in January last year.
Magna Prima said the disposal consideration of RM65 million was arrived at after taking into account the negative net current liabilities of RM68.
The estimated reclamation cost for the approved reclamation area is RM72.
The contract is for all the works under a project known as Jalan Kampung Medong/Lebrasau/Kampung Klid, Daerah Dalat, Bahagian Mukah, under a sub-contract agreement with Tokoh Ilham Sdn Bhd.