Glomac dips into the red for 4Q on fair value losses, declares one sen dividend
KUALA LUMPUR (July 15): Impacted by a recognition of fair value losses on its investment properties, Glomac Bhd reported a net loss of RM8.
CIDB allocates RM70m for programmes to enhance construction industry
KUALA LUMPUR (July 11): The Construction Industry Development Board (CIDB) has allocated a total of RM70 million to implement several strategic programmes aimed at boosting the capacity and capability of construction industry players who were affected by the movement control order (MCO).
Bina Puri to raise up to RM9m via private placement
KUALA LUMPUR (July 11): Bina Puri Holdings Bhd plans to place out new shares — up to 10% of its enlarged issued share capital — to independent third-party investors to be identified later, to raise up to RM9.
Ho Hup to raise up to RM82.47m via renounceable rights issue with free warrants
KUALA LUMPUR (July 11): Ho Hup Construction Company Bhd is planning to raise up to RM82.
Gagasan Nadi Cergas undertakes record RM777m construction job for Selangor’s Rumah Idaman project
KUALA LUMPUR (July 8): Construction group Gagasan Nadi Cergas Bhd announced today that it will lead the construction of 4,319 units of affordable homes under the Rumah Idaman programme by the Selangor state government worth RM777 million.
ECRL realignment could add RM20b to original cost of RM44b — CGS-CIMB Research
KUALA LUMPUR (July 6): The potential realignment of the East Coast Rail Link (ECRL) back to its original west-east traverse that was proposed during the times of Barisan Nasional (BN) administration could add as much as RM20 billion to its original cost of RM44 billion, said CGS-CIMB Research.
Ewein aborts JV to develop luxury condo with Consortium Zenith
KUALA LUMPUR (July 2): Ewein Bhd is terminating a joint venture agreement with Consortium Zenith Construction Sdn Bhd (CZC), under which the partners had initially agreed to jointly undertake the development of The City of Dreams 2 — a luxury condominium project — on a plot of land in Penang.
Court allows merits of company's challenge of govt's move allowing deferred payments
KUALA LUMPUR (June 29): A Penang-based construction company that is challenging the government's decision that effectively exempted companies from having to pay their creditors for six months, following the imposition of the movement control order (MCO), will get to have its arguments heard in court.
Zecon 3Q net profit jumps 59.6% to RM9.15m on hospital and Pan Borneo jobs
KUALA LUMPUR (June 25): Engineering and construction solutions provider Zecon Bhd's net profit for the third quarter ended March 31, 2020 (3QFY20) rose 59.
Claims for late delivery of homes likely to spike
PETALING JAYA (June 20): In February, a house buyer, who only wants to be known as Ong, inked an agreement with a reputable listed property developer to purchase a landed residence in Shah Alam, Selangor.
