Loss-making Advancecon diversifies into property business
This partnership follows the success of two CLQ projects in Ipoh.
This partnership follows the success of two CLQ projects in Ipoh.
This was, however, just a little over half of the RM102.
In its 15th instalment this year, the BRC awards ceremony honouring Corporate Malaysia’s best performing and top responsible organisations aims to spur Malaysian companies to be even better at what they do — not just financially, but also as corporate citizens.
The value of the subcontract is more than four times Sunmow's current market capitalisation of RM232.
This contract is deemed as a recurrent related party transaction, as Datuk Tee Eng Ho, the non-independent non-executive chairman and major shareholder of Kerjaya Prospek, also serves as the executive chairman and major shareholder of Eastern & Oriental Bhd.
The contract involves construction of main building works and external works of the Sultan Azlan Shah Campus, owned by the Sultan Idris Education University, in Tanjong Malim, Perak.
Mohd Ariff has over 18 years of experience in key positions of internal audit, accounts and reporting, and business planning and budgeting in the oil and energy industry.
In a filing with the bourse, the construction firm said that its wholly-owned subsidiary, Kitacon Sdn Bhd, had accepted a Letter of Award from Sime Darby Property (Bukit Raja) Sdn Bhd for the proposed work.
The contract involves construction of Phase 2A of Kedah Science and Technology Park in Bukit Kayu Hitam.