LBS’ 2Q net profit up 5% on property projects
LBS said it has secured total property sales of RM794 million on the back of RM293 million in bookings as of August 21.
Chin Hin buys engineering, project management firms for RM51 mil in cash and share deal
Chin Hin is acquiring the stakes in CSS Engineering & Construction Sdn Bhd (CEC) and Critical System Specialist Sdn Bhd (CSS) from two individuals, with total cash of RM26.
SC Estate Builder signs pacts to bid for solar projects, develop homes
The target is to build 2,000 to 3,000 units of affordable houses with solar power on the roofs, two-metre wide walkway and bicycle lanes with internet connectivity.
Miti working with construction industry, Works Ministry to ensure more local steel used in govt projects
Meanwhile, apart from overcapacity, Misif has identified low green technology adoption and limited access to quality scrap as among issues that the industry is facing.
Multi-lane free flow project still in negotiations, says works minister
The proposed MLFF system is estimated to cost RM3.
Nextgreen plans share placement to raise up to RM92m for green tech park projects
In line with the development of the GTP project, Nextgreen expects its working capital requirement to increase, adding that the group intends to allocate the balance of the proceeds for working capital.
Gamuda records RM195 mil net profit in 1QFY2024
The group’s construction and property earnings grew 35% to RM195 million in 1QFY2024, compared with 1QFY2023’s earnings of RM145 million.
Local Government Ministry successfully revives 256 private housing projects worth RM23.37b
“The ministry has also taken action to freeze 20 housing development accounts (HDA) for projects in the sick category.
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Addressing Malaysia’s sick housing project crisis from a legal perspective
Current solutions of EOT for developers and LAD for homebuyers are in place, but the issue of “sick” housing projects not only persists but continues to rise.
Paramount Corp plans to launch property projects worth RM700m in 2H
“Our earnings recognition and future cash flow will be backed by our unbilled sales of RM1.
