News about construction

It brings the group’s total contract wins year-to-date to approximately RM810.

The group said in a filing with Bursa Malaysia on Friday that the petitions were filed by Perunding ZKR Sdn Bhd and Mentari Kencana Sdn Bhd, claiming that AZSB had failed to settle a sum amounting to RM5.

The latest contract brings Kerjaya Prospek's total year-to-date wins to about RM1.

The private sector remained the main growth driver, contributing RM29.

The 34 sen apiece offer from the three shareholders—including the construction company’s managing director and largest shareholder Datuk Liew Foo Heen, second largest shareholder Datuk Soo Sze Ching and executive director Wong Sai Kit—who control an over 70% stake in the company, only received 69,200 shares or a 0.

Taghill—formerly known as Siab Holdings Bhd—said its units Siab (M) Sdn Bhd (SMSB) and Siab Construction Sdn Bhd (SCSB) are seeking to reorganise their debts and business operations “to better serve the interests of creditors under court supervision, safeguard employment and enable a more advantageous realisation of assets compared to a winding-up scenario”.

Construction on the Shah Alam apartment will begin on Nov 17, 2025 and is expected to take 34 months.

With this latest contract, IJM Construction's outstanding order book now amounts to about RM15.

The latest job would be the company’s fifth data centre-related contracts, bringing the total value in the segment to RM1.

The recapitalisation also includes a proposed asset injection involving selected property-related assets valued at up to RM50 million, to be acquired by Ireka at a "mutually agreed discounted valuation based on an independent assessment".