Speaking at a press conference, Lim said the undersea tunnel, part of the RM6.3 billion integrated infrastructure project awarded to Consortium Zenith BUCG Sdn Bhd, needs to be built by 2027 and therefore there was still time.
On completion of the distribution, the shareholders will directly hold shares in Sime Darby Plantation and Sime Darby Property in the same proportion as their shareholdings in Sime Darby.
Kuala Lumpur Kepong Bhd’s (KLK) net profit declined sharply in its first financial quarter ended Dec 31, 2016 (1QFY17), mainly due to the absence of a one-off gain of RM485.7 million on disposal of plantation land in 1QFY16.
Revenue fell 1.2% to RM271.2 million from RM274.6 million, OSK Holdings said in a bourse filing today.
Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.9 million or 5.65 sen per share, from RM14.06 million or 3.33 sen per share a year earlier, on higher contribution from its property division.
The Gamuda Bhd-led SRS Consortium confirmed that the initial cost of RM27 billion for the Penang Transport Master Plan (PTMP) has ballooned to an estimated RM46 billion, after additional components were added by Seberang Perai Municipal Council (MPSP).
LBS Bina Group Bhd's share acquisition of ML Global Bhd could see its earnings increase moderately by 5% to 6% beginning from the second or third quarter of financial year 2016 with the full consolidation of the latter's account, according to a research report.
Some 1,000 acres (404.69ha) of land on the two isles to the south of Penang island that will be reclaimed as part of the state government’s land swap deal with SRS Consortium for the Penang Transport Master Plan (PTMP) have been earmarked for industrial development.
The RM2 billion Penang Times Square project is broken into five phases, with the first two featuring a mall, residential units and commercial lots, while the third phase is currently underway.
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