Sunway Construction Group Bhd (SunCon)'s unit Sunway Construction Sdn Bhd (SCSB) has bagged a RM1.21 billion project by Mass Rapid Transit Corp Sdn Bhd (MRT Corp) to build a viaduct guideway and other associated works for the MRT Sungai Buloh-Serdang-Putrajaya Line (SSP Line).
The work package V201 given to SCSB, MRT Corp said in a statement, is to build and complete the project for a 4.9km stretch of the SSP Line's elevated alignment from Sungai Buloh to Persiaran Dagang.
SCSB is currently the work package contractors for Package V4 of the MRT Sungai Buloh-Kajang Line. On that basis, the company is pre-qualified to tender for work packages for the SSP Line.
MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said this was the second viaduct package awarded for the construction of the SSP Line after the RM1.44 billion award for Work Package V202 to Ahmad Zaki Sdn Bhd last Friday.
The SSP Line is 52.2km long, with 13.5km running underground. It will have 37 stations — 11 of them underground.
TRC Synergy Bhd has clinched RM177.4 million worth of projects related to the Mass Rapid Transit (MRT) lines.
In a bourse filing, the group said its unit Trans Resources Corporation Sdn Bhd has accepted the awards from MRT Corp for the works.
The first contract involves the construction of the Pasar Seni paid link between the existing Pasar Seni light rail transit (LRT) station and the Kuala Lumpur KTM station for the MRT Sungai Buloh-Kajang line, for RM103.8 million.
The other contract, worth RM74.4 million, encompasses renovation and conservation works to Block A and Block C of the Bangunan Sultan Abdul Samad, including relocation of the Craft museum to Block C of Bangunan Sultan Abdul Samad, relocation of "Karyaneka" craft boutique, and souvenir shops to Block A of Bangunan Sultan Abdul Samad, as well as the relocation of the craft village and artist village to Dataran Underground for the MRT line 2 Sungai Buloh-Serdang-Putrajaya line.
Ikhmas Jaya Group Bhd has been appointed as the main contractor for a mixed development project by Gallimont Development Sdn Bhd for RM173.5 million.
Ikhmas Jaya told Bursa Malaysia that it secured the project via its unit Ikhmas Jaya Sdn Bhd. The latter has agreed to and has accepted the terms and conditions of the letter of award from Gallimont Development for the appointment.
Under the contract, the engineering, construction and piling specialist was tasked to undertake main building works for a 49-storey serviced apartment (364 units), which comprises a podium block with commercial lots and management offices, a seven-storey car park, common facilities and three floors of underground car park along Persiaran Stonor here.
"The subcontract work is for a period of 40 months and is expected to commence on April 15 and completed by Aug 15, 2019," it said.
VS Industry Bhd's net profit for second quarter ended Jan 31, 2016 (2QFY16) rose 50.3% to RM27.5 million or 2.37 sen per share, from RM18.3 million or 1.82 sen per share a year ago, due to stronger sales and better product mix.
Quarterly revenue rose 7.7% to RM501.1 million in 2QFY16, versus RM465.4 million in the previous corresponding quarter, the integrated electronics manufacturing services provider told Bursa Malaysia in a filing today.
It declared a second interim single-tier dividend of 0.8 sen per share for the financial year ending July 31, 2016 (FY16), payable on May 13.
For the cumulative six months (6MFY16), its net profit was 63.8% higher at RM87.68 million or 7.58 sen per share, as compared to RM53.52 million or 5.38 sen a share a year ago; while revenue gained 10.3% to RM1.11 billion, from RM1.01 billion in 6MFY15, driven by better sales mix and improved efficiency.
Moving forward, the group said with continued strong support from the existing customers and new potential customers, it is optimistic of performing well for the current financial year.
China-based shoe maker XingQuan International Sports Holdings Ltd's rights issue with warrants has been undersubscribed by 21.92 million shares, or 12.97%.
In a bourse filing, XingQuan said as at March 23, the date for the closing and acceptance of payment, the company received 114.17 million or 67.54% of acceptances for its rights share, and another 32.94 million or 19.5% of excess applications.
This brings the total acceptances and excess applications for the rights shares to 147.11 million, representing 87.03% of the 169.03 million rights shares available for subscription. A total of 49.03 million Warrants B were subscribed as well.
Tadmax Resources Bhd has secured a credit facility of up to RM20 million from OSK Capital Sdn Bhd today for its finance investments and working capital requirements.
It noted that the facility would result in incurring interest expense.
"The facility would be used to fund Tadmax's investments and/or working capital which are expected to contribute positively to our future group earnings," it explained.
It said the credit facility will increase its gearing by 0.1 times, computed based on the full utilisation of the facility, vis-à-vis the audited equity attributable to the owners of the company of approximately RM197 million as at Dec 31, 2014.
Telekom Malaysia Bhd (TM) has sealed an agreement with Laos' state-owned internet agency to further extend its network reachability in the Indochina region, where the market is forecast to grow exponentially.
Under the agreement, the Lao National Internet Centre (LANIC), an affiliate of Laos' Ministry of Post and Telecommunications, will be hosting and providing network infrastructure for TM's point-of-presence (POP) in Laos.
Meanwhile, TM will be able to provide alternative connectivity solution to its customers, as well as addressing the growing demands for international internet bandwidth in Laos, TM said in a statement today.
The provisioning of the alternative connectivity solutions will be fulfilled through diverse routes, connecting to TM's other POPs in Kuala Lumpur, Phnom Penh and Hong Kong.
Bison Consolidated Bhd is slated to float its shares on Main Market of Bursa Malaysia tomorrow.
The home-grown newsstand and convenience store operator plans to raise RM89 million from its initial public offering (IPO), which comprises 80.6 million shares — 62.31 million shares for institutional offering and 18.3 million shares for retail subscription.
Of the 18.3 million shares, 15.5 million IPO shares were available for application by the Malaysian public, of which 50% were allocated to Bumiputera investors and 50% under the public category.
The remaining 2.8 million IPO shares were reserved for subscription by eligible persons, Bison said.
The operator of myNEWS.com, Newsplus, MagBit and The Front Page intends to expand its presence using proceeds from an upcoming public offer and plans to open 150 new myNEWS.com convenience stores across the country by 2017 from 205 stores currently.
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