MRCB firms up deal to jointly develop RM6.25b GDV Ipoh Sentral
The group on Friday inked an agreement with Ipoh Sentral Sdn Bhd (ISSB), following the memorandum of agreement signed between the parties in January, according to a bourse filing.
The group on Friday inked an agreement with Ipoh Sentral Sdn Bhd (ISSB), following the memorandum of agreement signed between the parties in January, according to a bourse filing.
Ho Hup slipped into Practice Note 17 (PN17) status in April after BJD defaulted on RM112.
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 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.
Tengku Sulaiman, 69, was appointed as executive chairman in February 2003, before being re-designated as non-executive chairman in March 2005.
“We expect the group’s performance to catch up in the final quarter, which has historically been its strongest.