Sabah Development Bank sues Ho Hup for loans to Golden Wave
SDB is now suing Ho Hup and HHVKK for RM46.
SDB is now suing Ho Hup and HHVKK for RM46.
The newly secured projects boost the group’s outstanding order book to RM6.
The building works include a five-storey data centre block, office spaces and electrical substation, among other facilities, Binastra said.
The average selling price of aluminium is expected to be supported by slow Indonesian expansion, demand from electric vehicles and solar farms, and the increase in US tariffs on Chinese aluminium imports to 25%, from 7%, the house said.
Its outstanding order book now amounts to RM2.
The project involves the construction of 246 business serviced apartments and 62 affordable business units, five levels of parking and other resident facilities, Inta Bina said.
The scope of work includes the construction and completion of cold water, rainwater harvesting, water reticulation, fire hydrant, foul water, and sewerage services for the data centre.
The loss-making company added that it expects the contract to contribute positively to its revenue and earnings from the financial year ending June 30, 2025 onwards.
MRT 3, called “The Circle Line”, is proposed to span 51 kilometres (km) around Kuala Lumpur’s perimeter, while integrating with existing MRT, LRT, KTM, and monorail lines, through 10 interchange and connecting stations.
“Government incentives and subsidies can help offset the initial costs and encourage wider adoption.