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Paramount chief executive officer Jeffrey Chew Sun Teong: “We have grown five times over the last ten years and reached RM1 billion in sales.

Nestcon Solar Sdn Bhd (NSSB), a wholly-owned subsidiary of Nestcon Sustainable Solutions Sdn Bhd, which is in turn a 51%-owned subsidiary of the company, had entered into an agreement with Subang Safety Glass Sdn Bhd to develop, design, install, construct and commission a solar PV system on the rooftop of Subang Safety Glass' premises.

The property developer said it has authorised its chairman Tan Sri Mohd Anwar Mohd Nor to seek international tender submissions in US dollars, with Malaysian participation also welcomed, at the exchange rate of RM4.

The group said the contract period is for 23 months, and is divided into two phases, with the first phase comprising 124 units of houses and the second phase consisting of 50 units.

RHB IB said that with more contractors venturing into the DC construction market, players should develop their own respective niche in the DC supply chain.

The construction and property development firm’s profitability was attributable to the positive impact of its wholly-owned unit Bina Puri Sdn Bhd’s (BPSB) scheme of arrangement with creditors, which usually involves taking haircuts from the amount owed.

“The proposed acquisition is in line with the group’s strategy to enhance production capacity for automotive seats and automotive cover in order to meet the growing demands of the automotive industry and allow for future expansion,” it said.

According to AME Elite, the proposed acquisition, which is expected to be completed by the third quarter of this year, presents a strategic investment opportunity to increase its land bank.

MRCB said it plans to focus on boosting cash flow by monetising its unsold completed stock, which amounted to RM342.

The stock surged as much as 11.