News by Syafiqah Salim

Lim, 64, who currently holds 162.21 million direct shares in the group, resigned in view of his other commitments, according to a bourse filing. Lim had acquired the shares in Tropicana in October 2017 from Tan Sri Danny Tan Chee Sing and his two related companies, Golden Diversity Sdn Bhd and Aliran Firasat Sdn Bhd.

The land, belonging to Hartanah Idaman (M) Sdn Bhd, is located within walking distance of the IOI Puchong Jaya LRT station and IOI Shopping Mall, the property developer said in a filing with Bursa Malaysia.

The first job is a sub-contract worth RM188.8 million for the Kota Bharu-Kuala Krai highway construction project. The second is a RM110.02 million sub-contract to upgrade the Bukit Selambau water treatment plant in Kedah; the third is a RM75.01 million job to upgrade the Sungai Limau water treatment plant, also in Kedah.

In anticipation of a better year, the group is targeting to launch RM2.4 billion worth of properties in 2022, 71% more than the RM1.4 billion in new properties launched in 2021.

Hap Seng, via its wholly-owned Sierra Positive Sdn Bhd, has inked an agreement with Naza TTDI Sdn Bhd’s unit TTDI KL Metropolis Sdn Bhd (TLKM), to buy the land known as Met 3, Plot 7A, KL Metropolis, measuring 668,212.79 square feet. Naza TTDI is 80%-owned by Naza Corp Holdings Sdn Bhd (NCH)

The Islamic notes issued represents the first tranche in a RM1.3 billion sukuk murabahah programme with a tenure of up to 20 years, said Ekovest in a bourse filing

In a filing with Bursa Malaysia, Advancecon said the 12-month contract was offered by Yayasan Sarawak, with work commencing after the possession of the site.

The project, which will include the construction of two power substations, will start on Jan 5 and be completed in 20 months, according to Inta Bina's bourse filing on Thursday (Dec 30).

In a bourse filing, Malton said MTrustee Bhd, acting as the trustee of Pavilion REIT, has accepted an invitation from its subsidiary Regal Path Sdn Bhd to commence discussion for the potential sale of the mall.

According to a statement, Advancecon's group chief executive officer Phum Ang Kia has been able to expand its business to include quarry operations in its model, despite the impact of Covid-19 on the construction and infrastructure sectors for the past year.