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The claims by the ex-contractor, Kencana Amanjaya Sdn Bhd, are baseless and frivolous, said OCR in a statement on Thursday (April 20), adding that it has instructed its solicitors to contest the matter to fully defend its interest.

The 24-month job involves earthworks, major infrastructure and other related works, according to Advancecon's bourse filing on Thursday KUALA LUMPUR (April 11): Earthworks and civil engineering service provider Advancecon Holdings Bhd has bagged an RM86 million construction contract from Perbadanan Kemajuan Negeri Selangor (PKNS) for Phase 1 of its Sierra Alam development in Section U10, Shah Alam, Selangor.

It was the second distribution whereby AME REIT distributed 100% of the quarter’s distributable income to its unitholders.

It will be located at an altitude of 3,000 feet that includes a 300-room property, conference facilities, and grand ballroom with a 15-minute drive away to the Genting Highland summit.

According to a press statement, the contract between DCSB and GDBSB was terminated due to a failure to achieve agreeable solutions to various disputes relating to construction site matters over a period of the last nine months.

Siab is the main contractor of the two projects owned by Yong Tai.

Kencana Amanjaya Sdn Bhd is suing OCR’s 90%-owned subsidiary OCR Properties (Kuantan) Sdn Bhd relating to a residential project involving 979 terrace houses and 130 units of semi-detached houses in Kuantan.

In a statement on Wednesday (April 19), the construction services firm said that the purported determination is wrongful as the mandatory contractual procedures and notices prior to the determination have not been complied with.

Axis REIT’s manager is optimistic that in view of the satisfactory performance of the REIT’s existing property portfolio and its growth strategy to actively pursue quality investments, it will be able to maintain its current performance for FY2023.

The main building works of the proposed development consist of two blocks of suite apartments comprising 1,236 units, together with a 9½-level podium for multilevel car parking with one level of semi-basement car parking, along with facilities for residents, an electric substation, refuse room and security guardhouse.