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The job, awarded by Bayu Melati Sdn Bhd to Econpile’s wholly owned subsidiary Econpile (M) Sdn Bhd, is scheduled for completion within 12 months starting July 14.

Bina Puri Properties Sdn Bhd was served a petition in relation to unpaid taxes amounting to RM849,499, while Bina Puri Sdn Bhd (BPSB) received a separate petition over a larger tax sum of RM4.

The bid-rigging involved six tenders for maintenance works in Putrajaya, including amenity trees, main drains, gross pollutant traps and retention systems across various precincts.

The project covers the construction and completion of 1,004 apartment units, along with podium parking, commercial spaces, resident facilities and infrastructure works.

The lack of clarity on US trade policy also added to the pressure investors are facing just days away from the July 9 tariff deadline.

The two contracts follow four contracts worth RM145.

Kim Hin has been in the red since the financial year ended Dec 31, 2018.

The property developer, originally set up in 2013 to focus on foreign projects, in May proposed to change its name after announcing a planned pivot to the Malaysian market.

Tengku Sulaiman, 69, was appointed as executive chairman in February 2003, before being re-designated as non-executive chairman in March 2005.

“Johor has become one of Malaysia’s top investment destinations, and the official opening of Skypark Kepler comes just at the right time,” said Ang.