News about construction

KUALA LUMPUR (July 21): Zecon Bhd has received approval from its shareholders for its proposed rights issue to address its current funding requirements to meet its short-term obligations and liabilities, as well as strengthen its financial position.

Do not be penny wise and pound foolish when it comes to waterproofing your building.

KUALA LUMPUR (July 15): Impacted by a recognition of fair value losses on its investment properties, Glomac Bhd reported a net loss of RM8.

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).

  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.

  KUALA LUMPUR (July 11): Ho Hup Construction Company Bhd is planning to raise up to RM82.

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.

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.

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.

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.