The Gemas-Johor Bahru double-tracking project involves the construction of 197km of double tracks, stations, electric trains, depots, land viaduct, bridges, and electrification and signalling systems.
The project is scheduled to be completed in the fourth quarter of 2020.
The construction player’s shares jumped as much as 33% of the start of its maiden trading day on the ACE Market yesterday to 40 sen apiece.
Syed Zainol is also currently the chairman of Nestle (Malaysia) Bhd, Malaysia Airports Holdings Bhd, and Lembaga Zakat Selangor, besides being the chancellor of SEGi University.
The Malaysian government cherished the two giant pandas, Xing Xing and Liang Liang, which were gifted by China, and promised to take good care of them.
The acquisition is being undertaken via Philbeach Gardens Ltd (PGL), a wholly-owned unit of Advance Synergy's 65%-owned Posthotel Arosa AG.
The group is still considering various options.
“The MoU is to establish the principal supplier for the building materials for the construction of a mixed development known as Residensi Bandar Razak (RC Residences).”
The purchase, from Hwee Seng & Co Sdn Bhd, will be financed through a combination of internally-generated funds, fundraising exercise and bank borrowings, the group said.
To develop apartments for rent by Crescendo International College students.
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