Kelington in arbitral proceedings over alleged outstanding payment for construction job
Kelington disputed the claim in June 2021 and decided to counterclaim against JCT for an outstanding sum of RM6.
Kelington disputed the claim in June 2021 and decided to counterclaim against JCT for an outstanding sum of RM6.
The proposed diversification is expected to boost the group’s net profit by about 25%, aligning with its long-term strategy to pursue more engineering, procurement, construction and commissioning (EPCC) projects beyond telecommunications network projects, the group said in an exchange filing.
Under the revised contract, SIBS is required to deliver 632 residential units in Sering district within a 36-month period, followed by a 24-month defect liability period upon issuance of a certificate of completion and compliance for each section.
The first phase will encompass the construction of commercial shop lots, an office tower, a podium car park, and Tower A facilities deck.
Khairil was previously with Iskandar Investment Bhd (IIB), a subsidiary of Khazanah Nasional Bhd, which he joined in 2007.
Gamuda edged up as much as 1.
In a sector update on Thursday, the research house said contracts again were dominated by the private sector, which saw robust flows, notably from commercial and residential projects, while the data centre (DC) space contributed too.
The research house said that if it manages to reclaim the 42.
According to a bourse filing on Monday, Kerjaya Prospek received the contract from Persada Mentari Sdn Bhd, a 70.