News by Justin Lim

Advancecon said its wholly-owned Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from China Communications Construction Sdn Bhd for the appointment.

WCT said its indirect 80%-owned subsidiary, WCT Perkasa Sdn Bhd, has entered into a deal with Yayasan Sabah for the option to acquire the development rights over the land, comprising several parcels, in phases to undertake a mixed development project

According to the company’s draft IPO prospectus posted on the Securities Commission Malaysia website, 153.65 million shares will be offered to the investing public.

The project involves the construction of one 45-storey condominium block and another 40-storey condominium block, including two levels of underground car park and eight levels of podium, with seven levels of car park and one level of recreation facility

Tan Sri Lee Kim Yew: I have decided to transfer some of the most attractive assets under my private holdings to Country Heights based on Covid-19 pandemic prices via issuance of Country Heights shares, in order to create immediate value in the group

Moving forward, Gamuda said its prospects have brightened, though recovery is likely to remain bumpy and dependent on the effectiveness of public health measures and policies to contain the Delta variant

IOI Properties said the land tender represents an attractive and viable opportunity for the group to venture into a mixed-use development comprising residential, hotel and commercial elements in the Marina Bay area, which is Singapore’s prime business and financial precinct with well-established commercial and office developments besides various cultural and entertainment offerings

The company had net liabilities of RM59.574 million as at Dec 31, 2020, it said in a filing with bursa Malaysia on Sept 27.

In terms of the country's adult population, 83.1% had been fully vaccinated while 93.7% had received at least the first jab.

There were no deaths reported in Perlis, Putrajaya, Negeri Sembilan and Labuan.