GUH Holdings reaches out-of-court settlement with JAKS joint venture
GUH’s subsidiary Teknoserv Engineering Sdn Bhd had sued JAKS Sdn Bhd and KACC Construction Sdn Bhd (JAKS-KACC JV) following the termination of the sub-contract.
LFE’s wholly owned unit to take over main building works of Damansara project from 51%-owned Cosmo
The job will now be undertaken by LFE’s wholly owned LFE Engineering Sdn Bhd, which accepted the letter of acceptance from PD Ara Sdn Bhd for the project last Friday.
Haily clinches RM53m residential construction project in Johor Bahru
... to build 170 units of double-storey cluster houses in the Taman Mutiara Maju township.
SunCon receives RM253m refurbishment contract from Sunway REIT
“The project is for a period of 24 months from the date of commencement of July 1, 2023, and is expected to be completed by June 30, 2025.”
Tropicana Corp redeems RM465.5m sukuk due end June
This Sukuk Wakalah Programme was part of the RM1.5 billion Islamic Medium Term Notes Programme issued by the group.
WCT Holdings to acquire remaining 49% stake in JV undertaking shopping complex at Merdeka 118
WCT and TSRB had accepted a RM676.8 million job from PNB Merdeka Ventures Sdn Bhd to build a shopping complex at the Merdeka 118 development in Kuala Lumpur in December 2018.
CORE Residence @ TRX gets linked bridge to TRX City, units 80% taken up
According to the CORE Precious Development, the link bridge, which was fabricated off-site, has a width spanning two car lanes and is over three storeys above ground.
Upcoming state polls could impact near-term construction job flows, says HLIB
Hong Leong Investment Bank (HLIB) Research has maintained its “Neutral” rating on the construction sector and said it prefers to take a longer term view. In a sector update on Monday (July 3), the research house said domestic re-rating catalysts are well anticipated by the market.
MK Land says it has valid grounds to set aside Crest Builder’s arbitration award
MK Land Holdings Bhd says it has valid and reasonable grounds to stay the enforcement of an RM18.36 million arbitration award that favours Crest Builders Sdn Bhd (CBSB), and to set it aside.
Sunway REIT deputy CEO Chen Kok Peng assumes role as CEO as part of succession planning
Sunway Real Estate Investment Trust (REIT) deputy chief executive officer Clement Chen Kok Peng will assume the role of CEO effective July 1, which is part of the trust’s leadership succession planning.
