News by theedgemarkets.com

The engineering solutions provider was responding to a query from Bursa Securities about a news report by The Edge on Friday (Dec 10), which quoted the Malaysian Rating Corp Bhd (MARC), that Serba Dinamik's subsidiary had defaulted on the the latter's US$7 million (about RM29.53 million) semi-annual coupon payment on the outstanding senior Islamic bond.

In the joint statement issued on Monday (Dec 13) by Master Builders Association Malaysia, Real Estate and Housing Developers’ Association Malaysia, Persatuan Kontraktor Melayu Malaysia, Persatuan Kontraktor Bumiputera Malaysia, Guild of Bumiputera Contractors Wibawa, the United Malaysia Contractors Association and Pesatuan Kontraktor India Malaysia, the representatives of the sector said the hike of building material prices have resulted in a 13% to 20% increase in construction cost.

The MTN programme has an 11-year tenure. Impian Ekspresi, the private vehicle of Tan Sri Desmond Lim, is owner and developer of the 9.58 acres Pavilion Damansara Heights project that is crafted by Lim's Pavilion Group.

According to Sime Darby Property group managing director Datuk Azmir Merican in a statement on Dec 10, the response to the company's industrial products launched this year has been encouraging.

According to its draft initial public offering (IPO) prospectus posted on the Securities Commission Malaysia’s website, 800 million new shares will be issued — representing about 25% of its enlarged issued share capital — of which 200 million shares will be made available for application by the Malaysian public.

In a bourse filing, KTB said the contract, secured via its wholly-owned unit Transnational Builder Sdn Bhd, involves piling, building works, internal and external infrastructure works for the shophouses at PT10687, Mukim of Bidor, Daerah Batang Padang.

“Spanning 42,243 sq ft across two levels, this unique store offers a wide variety of quality Japanese products, yatai Japanese street food stalls, the CosmeDONKI cosmetic corner and a halal section,” said Tropicana Corp Bhd group managing director Dion Tan. 

“Under MRT Corp’s new strategy, MRT 3 will not adopt the single turnkey contractor structure as seen in MRT 2, and will likely divide the civil works scope into three to five main packages — each led by tier 1 contractors/consortiums that will undertake private financing for the first two years, prior to reverting to full government funding likely in 2024,” said CGS-CIMB analyst Sharizan Roseli

In a statement Thursday (Dec 9) THHE, a subsidiary of Urusharta Jamaah Sdn Bhd, said the deal was also to explore collaboration opportunities in civil engineering and construction business, both locally and internationally.

Spanning 5.6 acres of freehold land within the 88-acre Metropark township in Subang Jaya, the phase 1 of Alira houses 467 high-rise apartments with built-up sizes ranging from 695 sq ft to 998 sq ft. The selling price starts from RM493,800.