LBS Bina’s vehicle ML Global to bid for public jobs
Gaining control of ML Global would help pave way for LBS Bina to spread its wing in infrastructure building.
Tropicana’s sale of Dijaya Plaza goes unconditional
Tropicana is selling the Dijaya Plaza office building to Kenanga Investment Bank Bhd for RM140 million cash, which will be used for working capital and/or to repay borrowings.
Go India, CIDBH chair tells Malaysian construction companies
CIDB Holdings Sdn Bhd (CIDBH) chairman Datuk Seri Dr Judin Abd Karim said while the global economy is slowing down, India is bucking the trend and the country offers a lot of opportunities to Malaysian companies.
UEM Group, MMC Corp seen among Pan Borneo highway contenders
AmInvestment Bank said it does not preclude the possibility of seeing Peninsular-based contractors being invited to set up joint ventures (JVs) to bid for jobs, after The Edge Weekly reported that UEM Group Bhd, MMC Corp Bhd and Warisan Tarang Construction Sdn Bhd are teaming up for the Sabah portion of the Pan Borneo Highway.
UOA's 4Q net profit rises 25.6%, plans 15 sen dividend
UOA Development Bhd saw its net profit rise 25.6% to RM111.07 million in its fourth quarter ended Dec 31, 2015 (4QFY15) from RM88.4 million, on higher revenue from the progressive recognition of its ongoing development projects.
Mah Sing to buy back its bonds
In June 2011, Mah Sing issued RM325 million nominal value of the bonds. In June 2015, it announced that RM10 million nominal value of the bonds were converted to 8.77 million new shares at the conversion price of RM1.14.
Tropicana to sell Dijaya Plaza for RM140 mil cash
De-gearing exercise is to strengthen its financial footing
SCH banks on highway job to soften impact of slowing property market
Quarry equipment distributor SCH Group Bhd’s revenue may decline 20% in the current financial year ending Aug 31, 2016 (FY16) due to the property market’s slowdown
Yong Tai aborts plans for RM168m condo project
This follows its decision not to proceed with the proposed acquisition of Yuten Development Sdn Bhd, which holds a JV arrangement to develop 1.2 acres (0.49ha) of land in Jalan U-Thant into high-end residences.
Wilmar names new COO, eyes property projects
Singapore’s The Straits Times quoted Wilmar chairman and chief executive Kuok Khoon Hong as saying yesterday that Pua Seck Guan, who is also Perennial Real Estate chief executive, could open the door to ventures into real estate projects for agribusiness-based Wilmar.
