The agreement provides for the option to enter into a sale and purchase agreement and leaseback of two pieces of land in Penang, coupled with the factory and all buildings erected on the site, for RM50 million.
The contract is to undertake basement and sub-structure works for the proposed Pavilion Damansara Heights (PDH) Parcel 2 mixed development at Jalan Damanlela, Kuala Lumpur.
Founder takes back reins, appoints Top Glove’s Lim Wee Chai as chairman.
As for new projects in FY19, Country View is planning to launch new three-storey semi-detached homes at Taman Nusa Sentral.
"The scope of works includes earthworks for track diversion, building platform and track embankment, ground treatment, surcharging, sand blanket, sub-ballast, retaining structure, trackside drainage, track culvert and river protection.”
Mohd Nazri is taking over from Datuk Abdul Mutalib Alias, who had been the CEO since July 2011.
The Gemas-Johor Bahru double-tracking project involves the construction of 197km of double tracks, stations, electric trains, depots, land viaduct, bridges, and electrification and signalling systems.
The project is scheduled to be completed in the fourth quarter of 2020.
The construction player’s shares jumped as much as 33% of the start of its maiden trading day on the ACE Market yesterday to 40 sen apiece.
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