News about construction

The property segment also reported a higher quarterly PBT of RM39.

The 15-month contract period commences on Dec 15, and is scheduled for completion on March 14, 2027.

Advancecon said its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, received the adjudication decision on Tuesday (Dec 2), with the adjudicator ordering CCC to pay RM3.

The project, part of the proposed Sunway Cochrane development, comprises two serviced apartment blocks with rooftop facilities, a seven-storey podium with retail floors and a link bridge to the Cochrane MRT Station, according to the company’s bourse filing.

Datin Chan Bee Leng is the wife of Datuk Low Tuck Choy, the son of the founder of Ho Hup, who ceased to be a substantial shareholder of the company on Oct 22, 2025.

The development will comprise production facilities, office space, a two-storey car park, a mechanical and electrical room, a rooftop canteen and other ancillary facilities.

The property development segment reported a revenue of RM380.

The wholly owned unit, Kerjaya Prospek (M) Sdn Bhd, received and accepted the letter of award from Pixel Valley, which is fully owned by Kerjaya Prospek Property Bhd (KPPB), in which certain directors and shareholders hold direct and indirect interest.

The JC ruled there was a lack of good faith in the filing of the JM and that there was no reasonable plan of rehabilitation of Maju Holdings to restructure.

Under the agreement, VC is granted the right to develop the land, with the project encompassing office and commercial spaces.