News by Wong Ee Lin

Hua Yang Bhd saw its net profit decline 65.45% to RM10.42 million or 2.96 sen a share in its third quarter ended Dec 31, 2016 (3QFY17) from RM30.16 million or 8.57 sen a share a year ago.

The acquisition will enable HeveaPac “to progressively expand its production capacities for meeting the current and future growing demand for its products.”

The Las Vegas Review-Journal quoted a Resorts World Las Vegas construction worker as saying that a tall aerial work platform was placed on the site, to inspect scaffolding on a tower construction site.

The project will commence immediately and is expected to be completed by the second quarter of 2018

Under the terms of the LoA, Gabungan Strategik will operate as a turnkey contractor for the proposed project. The works are to be completed within 39 months, from Dec 27, 2016 to March 26, 2020.

Shares in Berjaya Corp Bhd (BCorp) rose 1.49% after its net profit for the second quarter of financial year 2017 increased 44% year-on-year due to improved contribution from its property investment and development business segment.

BHS Industries Bhd is hoping to turn itself around in the financial year 2017 (FY2017) by diversifying into the construction and property business.

OCR said its 70%-owned subsidiary Kita Mampan Sdn Bhd, through its associate AES Builders Sdn Bhd, last Thursday received a letter of award from Perbadanan PR1MA Malaysia to be the main contractor for the proposed project.

The group, which diversified into property development and construction in December 2015, recorded a pre-tax profit of RM300,000 in 1QFY2017, as against a pre-tax loss of RM2.9 million in 4QFY2016.

Revolving around the concepts of green and smart, Forest City is one of the biggest investment projects by Country Garden in cooperation with top global teams, including Sasaki, Huawei, Arup, Accenture and G-Energy Global, to create a prime model of a future city.