Malaysia’s fire safety laws up to date

KUALA LUMPUR (Oct 14): Malaysia’s fire safety laws are not outdated, as provisions under the Uniform Building By-Laws 1984 had been updated in 2012 to include new materials, construction methods and technologies to eliminate unnecessary requirements, said Fire and Rescue Department Malaysia Fire Safety Division assistant commissioner Hamdan Ali.

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Graaab JaGaApp developer plans listing on LEAP market

PETALING JAYA (Oct 13):  Red Ideas Holdings Bhd, which developed the property management app Graaab JaGaApp, has applied to list on the Bursa Malaysia Leading Entrepreneur Accelerator Platform (LEAP) market, its founders and directors David Foo and Ignatius Ho shared with EdgeProp.

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Construction player GDB Holdings seeks ACE Market listing

KUALA LUMPUR (Oct 13): GDB Holdings Bhd, a construction services provider which focuses on high-rise residential, commercial and mixed development projects, is aiming to be listed on Bursa Malaysia’s ACE Market to raise funds, mainly for capital expenditure (capex).

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Ho Hup Construction calls off RM136m rights issue

KUALA LUMPUR (Oct 13): Ho Hup Construction Co Bhd has called off a RM136 million cash call after the extension of time to implement the corporate exercise lapsed, adding that it will explore alternative options to fund its construction and property development projects.

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