Kuchai Development to inject RM275 mil of assets into Sg Bagan for shares, to distribute Sg Bagan shares to shareholders for second time
The deal will see Kuchai holding 29.
The deal will see Kuchai holding 29.
Besides IJM, the other two consortium members are said to be Pestech International Bhd and French rolling stock maker Alstom, both of which are the original contractors.
Ekovest said the two groups will participate in infrastructure concession assets, large-scale infrastructure projects, food security and trading initiatives, retailing ventures and transit-oriented development (TOD) projects.
The construction firm has proposed to undertake a renounceable rights issue of up to 243.
The arbitration shall be conducted and administered by the Asian International Arbitration Centre (AIAC) with the seat of arbitration in Kuala Lumpur, Econpile said.
Ho Hup said Golden Wave has filed a lawsuit in the Kota Kinabalu High Court seeking to set aside the entire adjudication decision under the Construction Industry Payment and Adjudication Act, citing concerns of natural justice and impartiality.
Besides, MAHB experienced a surge in operations, with the Penang International Airport and Langkawi International Airport recording growth in their international sectors in November.
In a filing to Bursa Malaysia, Epison said it has inked a consortium agreement with PCSB to establish a consortium to develop the housing project, Rumah Idaman MBI, that will have 2,251 housing units, and to explore future collaborations of such nature.
Golden Wave also has to bear the costs of adjudication of RM61,289 and the legal costs of RM30,000 for Eko Bina.
The participating homes were Rumah Kasih KL; Guardian Angels Home; Rumah Sentuhan Budi; Pusat Amal Cahaya Tengku Rahmah; Sweet Care Home; and Pertubuhan Kebajikan Attaqwa.