Top Builders had failed to issue its annual report including audited financial statements for the financial year ended June 30, 2022 (FY2022), by the deadline of Oct 31, 2022, said Bursa Securities in a statement on Friday.
This is part of its business transformation plan to rationalise non-core assets and to move its warehouse from Rawang to its steel furniture manufacturing plant in Melaka, the group said in a bourse filing on Friday.
The group plans to develop the land by constructing a detached factory, scheduled to commence in 2025 and expected to take 1.
The job scope covers the main building works of the development, comprising two 40-storey apartments — one with 757 units and the other with 743 units, as well as an eight-storey carpark.
The counter has surged over 120% year-to-date.
As of March 31, Parkson operated 42 stores in 28 cities across China.
TAFI said its TAFPSB has entered into a sale and purchase agreement with Comfy Factor Sdn Bhd & NNST Capital Sdn Bhd for the disposal, which will realise a gain after Real Property Gains Tax (RPGT) of some RM8.
Executive chairman and substantial shareholder Lee Check Poh said the group has so far invested RM300 million in the expansion of its warehouses, exceeding the minimum RM240 million investment in capital expenditure (capex) to qualify for the income tax exemption under the Malaysian Investment Development Authority’s (Mida) integrated logistics services (ILS) scheme.
The construction outfit stated that its wholly-owned subsidiary, Nestcon Infra Sdn Bhd, has accepted a letter of award (LOA) from property developer Seriemas Development Sdn Bhd to undertake the construction and completion of earthworks, soil improvement, and associated works for package 4-2 of the proposed development.
Under the MOU, Nextgreen and SPOIC are exploring the possibility of establishing a joint venture company (JV) for the proposed project.
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