Syed Mohamed is now Encorp chairman
Also chairing FIC, Syed Mohamed is now the president and executive director of Iskandar Waterfront Holdings Sdn Bhd, a company linked to tycoon Tan Sri Lim Kang Hoo.
Also chairing FIC, Syed Mohamed is now the president and executive director of Iskandar Waterfront Holdings Sdn Bhd, a company linked to tycoon Tan Sri Lim Kang Hoo.
From the outside, Datuk Beh Huck Lee and wife Datin Michelle Gan Eileen appear to be an unlikely pair — “complete opposites”.
The contract involves a five-year maintenance period from Sept 1, 2017 to Aug 31, 2022 and covers all the blocks utilised and occupied by the MCMM, AWC said.
Aug 22 saw the launch of collective sale tenders for two former HUDC estates - Florence Regency and Normanton Park - at a reserve price of S$600 million (RM1.89 billion) and S$800 million respectively.
In Malaysia, Fajarbaru said it successfully launched its maiden property development project and has started recognising revenue of RM9.7 million.
This could lead to a potential upside to its current outstanding order book of RM8.7 billion. We believe IJM is one of the earlier beneficiaries of the rail theme in 2017/18.
The positive performance was contributed by an improvement in the property development segment and higher land sales.
The property division saw a 53% growth in operating profit to RM130 million, contributed by the sale of non-strategic properties.
Revenue surged 24 times to RM67.24 million from RM2.78 million, thanks mainly to the en-bloc sale of 262 retail lots in Terra Square, a commercial mall fronting its Impression Melaka theatre.
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