LFE's wholly owned subsidiary secures RM11 mil earthworks contract from PDSB
The contract, effective immediately, is slated for an eight- month duration with a completion date set for Oct 6, 2024.
The contract, effective immediately, is slated for an eight- month duration with a completion date set for Oct 6, 2024.
In a filing with Bursa Malaysia on Wednesday, the construction company said the contract, awarded by Chingsan Development Sdn Bhd, is expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2024 onwards.
Prior to the current earthworks contract for the Gamuda Gardens Park project, Advancecon had previously completed earthworks for the adjacent Gamuda Gardens township in Rawang in 2020.
AZRB considered the outstanding sum claimed by FMSB through the winding-up proceeding as not a material debt.
"This pivotal agreement entails an immediate disbursement of RM1.
AZRB said, however, that AZSB is not a major subsidiary of the company and that it does not anticipate any financial and operational impact due to the filing of the petition.
Quarterly revenue, however, increased by 20.
According to YNH's bourse filing on Friday, the TCA was entered into by YNH's wholly-owned subsidiary Kar Sin Bhd (KSB) and the landowner Great Wall Park Sdn Bhd (GWP) on June 20, 2016, to build a mixed residential and commercial development.
The group’s 51%-owned indirect unit Spring Energy Sdn Bhd accepted the subcontract from CCC-ECRL on Wednesday for the construction and completion of subgrade works, Section 8 from CH518+388.
This brings its cumulative contract wins, year-to-date, to RM377.