PLB Engineering’s auditor flags material uncertainty over group’s ability to continue as going concern
It also noted that the group’s and the company’s current liabilities exceeded their current assets by RM54.
It also noted that the group’s and the company’s current liabilities exceeded their current assets by RM54.
The sale of the stake in PLB Green Solar Sdn Bhd — held through PLB's 85.
The auditor, Messrs Grant Thornton Malaysia PLT, highlighted PLB Engineering’s net loss of RM27.
PLB Engineering said its wholly-owned subsidiary PLB Land Sdn Bhd had entered into a sale and purchase agreement with Milenium Baru Sdn Bhd on Aug 7 for the disposal.
KUALA LUMPUR (March 20): Property developer and contractor PLB Engineering Bhd, who has secured a deal with the Penang state government to rehabilitate the Jelutong dumpsite in exchange for three-fourths of the rehabilitated land, plans to rope in the Malaysian unit of Chinese company China Railway Group Ltd to undertake the work.
KUALA LUMPUR (Feb 21): PLB Engineering has signed a conditional joint development agreement (JDA) with the Penang state government and its development arm to undertake rehabilitation works for the Jelutong dumpsite along Lebuhraya Tun Dr Lim Chong Eu in Penang in exchange for three-fourths of the rehabilitated land.
KUALA LUMPUR (Nov 1): PLB Engineering Bhd’s managing director (MD) Datuk Dr Ong Seng Soon was vacated from office with effect from today.
KUALA LUMPUR (Feb 7): PLB Engineering Bhd is disposing of a piece of freehold agriculture land in Kulim, Kedah, to Tiong Nam Logistics Solutions Sdn Bhd for RM9.