Given the influx of new industrial property supply in the pipeline, JLL Property Services (Malaysia) Sdn Bhd foresees moderate market growth in 2023 while keeping its resilience as an asset class.
Master township developer KL Wellness City Sdn Bhd (KLWC) aims to provide more than 4,000 job opportunities for medical professionals at its healthcare-themed development.
... amid a lack of progress in the project arising from Covid-19 pandemic uncertainties and initiatives to review and update SCIB’s order books.
The new deadline for the piling and engineering group to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities has been extended to June 29, 2023.
SSB had been appointed as a subcontractor for the work packages, which were part of a 100 megawatt alternating current large scale solar photovoltaic plant project in Kerian, Perak.
Under the turnkey construction agreement signed with property developer Danau Lumayan Sdn Bhd, the project is split into two phases.
The group's earnings per share also declined to 2.76 sen from 6.56 sen in 4QFY2021.
Net profit jumped to RM8.53 million for 2QFY2023 from RM3.76 million a year ago, despite a 27% drop in revenue to RM76.88 million from RM105.55 million.
Lagenda said the acquisition is part of the group’s land banking strategies, targeting strategic locations nationwide to expand its affordable property development footprint and market presence.
This is the third contract award secured by Muhibbah in the last three months.
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