KUCHING: Property developer Ibraco Bhd has reduced considerably its unsold properties as its new sales strategy has boosted sales. Managing director Datuk Chew Chiaw Han said the group’s inventories had fallen to RM55.9 million in 2018 from RM87.9 million in 2017 or down by about RM32 million or 36 percent.
KUCHING: Leader Steel Holdings Bhd (LSteel) is buying a piece of industrial land in Sejingkat Industrial Park here for RM9.8 million to facilitate the group’s expansion in East Malaysia. Wholly-owned subsidiary Leader Steel Sdn Bhd (LSSB) has entered into a conditional sale and purchase agreement (SPA) with Sumbumi Sdn Bhd
KUCHING: Hock Seng Lee Bhd’s (HSL) RM333 million Miri wastewater project is progressing ahead of schedule, according to its chairman Datuk Idris Buang. With tunnelling works for the project about 45 percent completed, he said the project is targeting a mid-2021 completion. To recap, HSL was awarded the project in
KUCHING: The demand for steel water pipes is a key factor that is likely to fuel the future growth of KKB Engineering Bhd. According to KKB, the demand for steel water pipes is expected to remain firm, buoyed by on-going and upcoming projects planned under the Sarawak state water grid when
KUCHING: Malaysia retains its dominance as the top supplier of tropical plywood to Japan, which has seen intense activities in the construction sector as the latter gets ready its sports infrastructure, facilities and related amenities to host the 2020 Olympics. Japan’s plywood imports in February 2019 rose by 3% year-on-year,
KUCHING: Shipbuilder TAS Offshore Bhd anticipates higher demand for tugboats brought about by increasing demand for coal in Indonesia as fuel for its power plants. The Sibu-based company said most Asian countries, according to DBS group research, still rely on coal to power up the whole nation, and this will
KUCHING: KKB Engineering Bhd (KKB) has secured two contracts, one of which is in Sabah, with a combined value of about RM17.75 million. Subsidiary KKB Industries (Sabah) Sdn Bhd has received a purchase order from Leadshine Sdn Bhd for the supply and delivery of concrete-lined mild steel pipes. The contract
KUCHING: SMTrack Bhd will acquire a 60 percent stake in Dexma Express Sdn Bhd for RM2.8 million. Dexma, which specialises in sales of carriage by air services for both passenger and cargo, is the general sales agent for PT Citilink Indonesia under a partnership programme. Citilink is a low-cost brand
KUCHING: Property developer Ibraco Bhd plans to diversify and venture into private medical services. Ibraco has teamed up with BNDM Incorporated Holdings Sdn Bhd (BNDM) and incorporated a joint-venture company – NorthBank Specialist Hospital Sdn Bhd (NSH). Ibraco and BNDM each has a 50 percent equity interest in NSH,with an
KUCHING: Pansar Bhd’s issued share capital will balloon up to 693 million shares if its shareholders give their green light to the company’s proposed bonus issue during an extraordinary general meeting (EGM) on April 22 in Sibu. Pansar, controlled by the Tai family, has proposed a bonus issue of up