News about construction

This is Crest Builder’s fourth contract to date from ParkCity Group.

The strong quarterly performance also boosted its nine-month results to a record high, with net profit more than doubling to RM243.

The company said the contract, awarded to its wholly-owned subsidiary Pekat E & LP Sdn Bhd, covers the construction, testing, commissioning and operational setup of earthing and lightning protection systems across multiple areas, including data halls, mechanical and electrical yards, and the offshore development centre hub.

With the latest jobs win, Haily’s cumulative secured contracts for the year is estimated to have risen to RM345.

It brings the group’s total contract wins year-to-date to approximately RM810.

The group said in a filing with Bursa Malaysia on Friday that the petitions were filed by Perunding ZKR Sdn Bhd and Mentari Kencana Sdn Bhd, claiming that AZSB had failed to settle a sum amounting to RM5.

The latest contract brings Kerjaya Prospek's total year-to-date wins to about RM1.

The private sector remained the main growth driver, contributing RM29.

The 34 sen apiece offer from the three shareholders—including the construction company’s managing director and largest shareholder Datuk Liew Foo Heen, second largest shareholder Datuk Soo Sze Ching and executive director Wong Sai Kit—who control an over 70% stake in the company, only received 69,200 shares or a 0.

Taghill—formerly known as Siab Holdings Bhd—said its units Siab (M) Sdn Bhd (SMSB) and Siab Construction Sdn Bhd (SCSB) are seeking to reorganise their debts and business operations “to better serve the interests of creditors under court supervision, safeguard employment and enable a more advantageous realisation of assets compared to a winding-up scenario”.