The construction engineering solutions and services provider is set to have a market capitalisation of RM212.1 million upon listing, with an enlarged share capital of 606 million shares.
The relaxation of Malaysia My Second Home (MM2H) rules, more infrastructure projects and expansion of the Skim Jaminan Kredit Perumahan (SJKP) will offset the impact of a flat 4% stamp duty on memorandum of transfer (MOT) by non-citizens and foreign-owned companies in property transactions on the real estate sector, said MIDF Research.
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