KUALA LUMPUR (June 20): UEM Sunrise Bhd is set to unveil its highly anticipated transit-oriented development (TOD) project, The Connaught One, in Taman Connaught, Cheras on Saturday, June 24.
At present, he is also a non-independent non-executive director of Boustead Heavy Industries Bhd, as well as chairman of Boustead Naval Shipyard Sdn Bhd and Boustead Petroleum Marketing Sdn Bhd.
CGS-CIMB said that once earnings delivery picks up for its maiden Australia project Sydney Metro West which is 20-25% complete, that should instill more investor confidence in Gamuda’s ability to execute projects in Australia.
“With inflation pressures easing and uncertain stock markets, we are now able to see winners and losers in a context where multiple crises overlap.
Up to 50% of the 410 available units are already reserved as the “high-rise condominium has generated significant interest among urban dwellers who value a quality lifestyle and captivating living environments”.
The global shift towards ESG now means “from changing our behaviour, we can even make money”.
Group chief executive director and executive director Jeffrey Chew Sun Teong said the 10% targeted sales growth is “conservative”, considering weaker market sentiment this year compared to last year amid concerns over high inflation and economic prospects.
UOA said its units Armada Hartasegar Sdn Bhd and Regenta Development Sdn Bhd had on June 14 entered into a term sheet agreement with Hokkien Peng Restaurant Group Sdn Bhd and Hoteland Sdn Bhd.
Based on its Bursa filing on Wednesday, both parties have also entered into a subscription and shareholders agreement (SHA) for the incorporation of a special purpose vehicle (SPV) to implement the joint venture.
MBAM also mentioned that it is a showcase of an IBS project, which uses the latest Construction Industry Development Board (CIDB) form of contract.
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