News by theedgemarkets.com

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.

M Astra, which means "star" in Latin, will have three-bedroom and four-bedroom units, with indicative built-ups ranging from 850 sq ft to 1,044 sq ft. Prices start from RM399,000. The project sits on a five-acre land, which is envisioned to feature retail lots and drive-thru food-and-beverage outlets. Its architectural design incorporates the idea of courtyards to create a garden city living concept.

The affordable housing comprise 763 units of two-storey terraced houses and are part of Residensi D’Marina Phase 2 in Kuantan, Pahang, which has an estimated gross development value of RM219 million over four to five years.

In a bourse filing on Wednesday (Dec 8), Scientex said the performance was attributed to an increase of 16.16% in revenue to RM678.1 million from its packaging division and a 14.5% improvement to RM250.1 million from its property division.