News about construction

Following the termination, Econframe said it will receive an earnest deposit of RM1 million within seven days, along with the balance deposit of RM4.

PTT Synergy said the bonus issue is to reward shareholders and encourage the trading liquidity of its shares on the stock exchange.

Advancecon, an earthworks and civil engineering specialist, will contribute its technical, sales and marketing expertise for the execution of the JV's projects, focusing on upgrading and constructing new centralised labour quarters.

The company said its role was to mainly provide horizontal coordination with up to 42 agencies, while the respective agencies under multiple ministries spearheaded the project.

The tenure for the construction of the main building and associate works is 42 months, with a contract value of RM186.

The contract, which was awarded by VED Engineers Sdn Bhd to the group's wholly-owned subsidiary Minetech Construction Sdn Bhd, commenced on June 28, 2024 and is slated for completion within three months, Minetech said in a bourse filing on Friday.

Aneka Holdings anticipates the sub-contract to contribute positively to the group's consolidated earnings and net assets for the financial years ending Aug 31, 2024 (FY2024) and FY2025, during the duration of the sub-contract.

The entitlement date for the bonus issue will be determined later, the group said, adding that the warrants' entitlement date will be announced after the completion of the bonus issue.

The two-year sub-contract was awarded by Iqzan's subsidiary Kacon Construction Sdn Bhd, said Annum in a bourse filing.

The proposed IPO involves a public issuance of 78.