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“Our earnings recognition and future cash flow will be backed by our unbilled sales of RM1.

Datuk Chang Khim Wah, president & CEO of EcoWorld Malaysia: With the acquisition of the new land, we will be able to further grow our market share and cater to a wider range of industrial customers.

The 88-acre Tropicana Metropark township will also be home to the upscale supermarket Mercato.

The project is to be developed on a 16,517 m2 freehold vacant land in Bandar Kajang, which is owned by Regal Variety.

MIDF said it sees a better earnings outlook for Matrix Concepts in FY2024 and FY2025 as construction progress at project sites normalised.

Kelvin is the son of Datuk Seri Lee Tian Hock, who is also the single largest shareholder of the group with an 11.

The Practice Note 17 (PN17) company said this in a bourse filing on Friday, two days after Bursa Securities rejected its earlier appeal against the proposed delisting and its request for an extension of time to submit its regularisation plan.

The two blocks of building in Jalan Jalil Perkasa 1 comprise a seven-storey data centre and a five-storey data centre, the group added in a bourse filing.

MRCB said the lower earnings were due to much lower revenue contribution from its engineering, construction and environment division due to the completion of three major infrastructure construction projects last year, and the completion of two major property development projects from its property development and investment division in the first half of 2023.

As of Aug 21, Ekovest’s issued share capital stood at RM1.