West River wins RM13.9m electrical subcontract from China Railway unit
The works are at two 50-storey serviced apartment blocks in Kuala Lumpur for Aricia Sdn Bhd, a subsidiary of Chin Hin Group Bhd.
The works are at two 50-storey serviced apartment blocks in Kuala Lumpur for Aricia Sdn Bhd, a subsidiary of Chin Hin Group Bhd.
Together, the three links span about 75.
In a bourse filing on April 29, West River, which specialises in mechanical and electrical engineering, noted it had 26 contracts with a total unbilled order book of RM247.
It accepted the letter of award from Gamuda Engineering for works covering mechanical, electrical, and plumbing (MEP) fit-out.
The 109 developers blacklisted were mostly “due to non-compliance with regulatory requirements for their projects”.
Its president Tan Sri Soh Thian Lai proposed that the action plan be implemented jointly by the Ministry of Housing and Local Government, the Ministry of Human Resources, and local authorities.
The move leverages Eco World International’s strong balance sheet and allows for future collaborations with Eco World Development Group Bhd (KL:ECOWLD) for a “fresh income base” while reducing earnings volatility from overseas projects, Maybank Investment Bank said.
Proposed Termination of Collaboration Agreement – this will remove the geographical restriction previously agreed between EWI and EW Malaysia thus enabling EWI to invest in and undertake property development activities in Malaysia.
The court also ordered that any sale and transfer of the 57 condominium units held under strata title must be sold at market value and through an open tender or public auction.