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On Wednesday, the steel structure fabrication company announced that it has secured four new contracts in Saudi Arabia, the United Arab Emirates and India.

Tropicana said the termination enables the group to save on such development costs associated with the Pantai Kok land, which will allow the group to allocate financial resources more efficiently towards the other existing businesses.

DONE DEAL: Condominium, Bukit Ceylon, Kuala Lumpur DONE DEAL: Terrace house, Putra Heights, Selangor Bukit Ceylon’s property transaction values are as diverse as the demographics that live and work in the area.

Eversendai executive chairman and group managing director Tan Sri AK Nathan: Despite going through a very challenging period in the last few years, exasperated by Covid-19 and its related impacts, Eversendai is optimistic that the group will be able to strongly rebound as a result of the record high order book, which will translate in optimum utilisation of all the group's fabrication facilities.

The High Court last week decided in favour of a businesswoman, Suriati Mohd Yusuf, in a defamation case she brought against CTOS’ wholly owned unit CTOS Data Systems Sdn Bhd (CDS).

It said both parties have mutually agreed to terminate the contract, resulting in an unconditional release and indefinite discharge of all claims, liens, and obligations related to the project works.

Its wholly owned unit Eversendai Engineering Sdn Bhd (EESB) received the winding-up petition letter from IRB on Feb 21, claiming a total of RM1.

CDS CEO Eric Chin insisted that the company is allowed to provide credit scores under the CRA, based on the Act’s definition of credit reporting business, credit information and credit report.

“Credit reporting agencies will likely need to overhaul their business models to comply fully with the [Credit Reporting Agencies] Act 2010, potentially discontinuing their credit score services altogether.

The project had achieved an overall progress of 62.