The property developer is selling a 51% stake in Andaman Daya Sdn Bhd, which owns 58,308 square metres of leasehold land in Dengkil, to Sinar Pavilion Sdn Bhd, according to an exchange filing on Friday.
"The expansion initiatives come at an opportune time, as the construction industry stands to benefit from government-led initiatives and spending, particularly in infrastructure development.
Wawasan Dengkil mainly provides earthworks and civil engineering services.
The acquisition is part of Selangor Dredging’s ongoing effort to identify suitable properties for its land bank, the group said in a stock exchange filing on Tuesday.
KUALA LUMPUR (June 2): Advancecon Holdings Bhd said it has bagged a contract worth RM20.
KUALA LUMPUR (Feb 17): MGB Bhd has bagged a RM442.
Working as a trainer in a Malaysia-based consultation company in Hong Kong, Sunny Ng is fairly familiar with Malaysia’s living and working environment via work trips to Malaysia.
KUALA LUMPUR (April 1): Wong Engineering Corporation Bhd (WEC) is injecting RM15.
KUALA LUMPUR (Feb 11): Compugates Holdings Bhd has finally received approval from the Sepang Municipal Council (MPSp) to jointly develop Phase 1 of a 25.
PETALING JAYA (Jan 30): A waste contractor pleaded guilty and was fined RM13,000 in the first illegal dumping case to be prosecuted in Putrajaya on Jan 20, the Star reported today.
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