News by Justin Lim

For the property development division, WCT said it will continue to intensify its marketing and sales initiatives, in the effort to improve sales of existing unsold properties.

It is confident of meeting its RM5 billion sales target for FY18.

The PDT and IDSS activities are only to be enabled at 8.30am on Thursday (Aug 23).

SunCon is actively seeking both external and in-house jobs and is confident of achieving its new targeted orders of RM1.5 billion by year end.

“The [PLD] segment recorded RM7.07 million revenue in 1HFY2018, compared with RM13.26 million in 1HFY2017. The decrease was mainly due to fewer units sold in 1HFY2018 especially from the Aliff Square 2 project in Johor Bahru.”

The group said the acquisition is in line with its strategy to focus on development in the northern region of Peninsular Malaysia and to continuously replenish and expand its existing landbank in strategic locations.

Axis REIT Managers Bhd said it has identified the assets for acquisition, and negotiations with the sellers are ongoing and expected to take at least six months.

The occupancy rate stands at 94% with a stable weighted average lease expiry of 5.5 years.

The industrial packaging company said it had entered into an agreement for the exclusive rights to develop a 6,774 sq m piece of land in Seberang Perai Tengah, Penang for RM10 million.

“The construction of the Don Sahong Hydropower Project is still ongoing and is currently 65% complete.”