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.
GDB 1Q net profit drops 18.7% to RM5.72m on higher expenses
KUALA LUMPUR (June 19): GDB Holdings Bhd's net profit for the first quarter ended March 31, 2020 (1QFY20) fell 18.
AME Elite to build Enics’ first Southeast Asia plant at i-Park@Senai Airport City
KUALA LUMPUR (June 16): Integrated industrial space solutions provider AME Elite Consortium Bhd is constructing a new 10,000 square meter high-performance factory for Switzerland headquartered EMS provider Enics AG, the company’s first manufacturing site in Southeast Asia.
GDB tendering for RM2.8b projects
KUALA LUMPUR (June 16): Construction services firm GDB Holdings Bhd is tendering for RM2.
