Construction player Gagasan Nadi Cergas Bhd (KL:NADIBHD) is buying two companies for RM185 million, cash, to gain control of Konsortium PAE Sepakat Sdn Bhd (KPSSB), which owns a facility management concession for student hostel facilities in seven polytechnic campuses.

IOI Corp Bhd (KL:IOICORP) said on Tuesday it has allocated part of its aged plantation landbank in Johor to build a solar power plant, in a move to venture into the renewable energy sector.

Noteworthy:

• Leasehold
• Built-up size: 1,100 sq ft
• Land size: 1,076 sq ft
• 4 bedrooms, 3 bathrooms
• Unfurnished
• Nearby amenities: LRT Puchong Perdana, Columbia Asia Hospital - Puchong, IOI Mall, Taylor’s University Lakeside Campus, Taman Wawasan Recreational Park
• Accessibility: LDP, ELITE, KESAS, NPE, Lebuhraya Bukit Jalil, Persiaran Puchong Perdana

When: June 2024

The two-year contract will commence in December, said TCS, adding that it will fund the works via internally generated funds and borrowings. 

The three-phase contract was awarded to its wholly-owned subsidiary, Aneka Jaringan Sdn Bhd, by GDP Architects Sdn Bhd on behalf of Murni Lapisan Sdn Bhd. 

This move is expected to generate local investments of RM40 million to RM110 million, directed towards high-growth, high-value sectors. 

The ministry emphasised that the Madani government is firmly committed to the principle that the rights and interests of all citizens are equally protected, as enshrined in the Federal Constitution.

Following a case management last Friday, the appeal has been fixed for hearing on Thursday at the Court of Appeal (COA) with two other related appeals.

Zaliha emphasised the significance of these interests, underscoring Labuan’s potential as a viable economic hub in Asia.

The group received the contract from N&T Asset Sdn Bhd, the registered owner of the 38-acre land on which the project will be developed.