News about construction

The contract involves construction of Phase 2A of Kedah Science and Technology Park in Bukit Kayu Hitam.

The plant located in Kulim High Tech Park is slated to be the largest 200-millimetre front-end manufacturing site for Infineon, focusing on automotive, green industrial power and power, and sensor systems.

This is the fourth contract win for Jati Tinggi which made its debut on the ACE Market of Bursa Malaysia last December.

"Following several discussions with the bank, the company is currently in the midst of negotiation with the bank to honour the court order," Ireka added.

Technology stocks on Bursa Malaysia have plummeted since Friday amid concerns over disappointing earnings of their global counterparts and design troubles of chips powering artificial intelligence.

Still, WCT has had a great rally so far in 2024, as its stock price more than doubled at the end of last year, tracking a rally in the construction sector, largely fuelled by optimism about the government’s rollout of major infrastructure projects and contract awards in the private sector KUALA LUMPUR (Aug 5): Shares of construction and property group WCT Holdings Bhd (KL:WCT) plunged to their lowest in one month, after the stock exchange suspended intraday short-selling activities of the stock on Monday morning.

The construction firm said the contract, secured via its wholly owned Binastra Builders Sdn Bhd, covers demolition and construction of main building works comprising four floors of offices (560 units), as well as two basement levels.

Mitrajaya, which is involved in construction and property development, had been loss-making for three consecutive quarters, before turning around in the first quarter ended March 31, 2024 (1QFY2024) with a net profit of RM262,000.

Datuk Mohd Izani Ghani stepped down from his role as MD on Wednesday (July 31), after five years of service at UEM Group.

The Edge Media Group publisher and group CEO Datuk Ho Kay Tat: "We must embrace a new era of sustainable construction.