Ho Hup proposes 10% private placement to raise RM12.4m to pay sub-contractors, repay borrowings
The company noted that it has not undertaken any fundraising exercises in the past 12 months prior.
Central Global files lawsuit over outstanding payments from Penang apartment construction job
The lawsuit was filed by Proventus Bina — a wholly-owned subsidiary of CIC Construction Sdn Bhd, which in turn is a wholly-owned subsidiary of CGB — against Tang Kae Shih, who acts as a surety on behalf of the project’s main contractor Simbol Era Sdn Bhd.
CIDB leads delegation of 21 Malaysian companies at Construction Indonesia 2023
The building and engineering products and services promoted include the industrialised building system (IBS), building information modelling (BIM), formwork system, advanced building materials, equipment and machinery and other related construction technologies.
Kenanga keeps ‘overweight’ call on building material sector after 2Q2023 results
Kenanga is positive on the aluminum sector due to the stable price of the commodity and demand for cable support systems in the near term, but the same cannot be said for the steel sector amid the sluggish property sector, according to its sector note on Thursday KUALA LUMPUR (Sept 14): Kenanga Research kept its “overweight” call on the building material sector after industry players logged slightly improved earnings for the second quarter of 2023 (2QCY2023).
Axbena withdraws RM28 mil suit against Bintai Kinden’s unit after settlement
In a bourse filing on Thursday, the mechanical and electrical engineering firm said Axbena filed a notice of discontinuance in respect of the suit with no legal cost, as well as without liberty to file afresh.
Aneka Jaringan plans another private placement to fund projects
In a bourse filing on Wednesday, the construction outfit said the exercise will involve the issuance of up to 94.
RHB IB remains upbeat on construction sector, names Gamuda, Sunway Construction and Kerjaya Prospek as top picks
In a sector update on Thursday, the research house said that moving forward, the federal government may now be able to focus its efforts to roll out big-ticket infrastructure projects, in addition to implementing institutional reforms.
Top Builders makes fresh appeal against decision to delist company
The Practice Note 17 (PN17) company said this in a bourse filing on Friday, two days after Bursa Securities rejected its earlier appeal against the proposed delisting and its request for an extension of time to submit its regularisation plan.
Comintel bags RM161 mil construction job in KL
The two blocks of building in Jalan Jalil Perkasa 1 comprise a seven-storey data centre and a five-storey data centre, the group added in a bourse filing.
MRCB’s 2Q net profit down 23% on lower engineering and construction revenue
MRCB said the lower earnings were due to much lower revenue contribution from its engineering, construction and environment division due to the completion of three major infrastructure construction projects last year, and the completion of two major property development projects from its property development and investment division in the first half of 2023.
