
Advancecon wins RM68.5mil contract from Sime Darby Property
In a filing with Bursa Malaysia, the company said it will undertake earthworks and ancillary works for Stage 1 of the Lagong Mas development in Gombak, Selangor.
The project, designated as Package 2, will run from June 4, 2025 to Dec 3, 2026.
The award comes just a day after Advancecon clinched a subcontract to build the Gerbil data centre for Gamuda Bhd.
"Barring any unforeseen circumstances, the contract is expected to contribute positively towards the group's future earnings for the duration of the contract," it said.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
2 days ago
- The Sun
Penang offers free homes to 23 Ladang Sungai Kechil families under RMKu
NIBONG TEBAL: The Penang government has resolved a decade-long housing dispute for 23 families in Ladang Sungai Kechil by providing free homes under the Rumah MutiaraKu (RMKu) project. Chief Minister Chow Kon Yeow confirmed each family will receive a Type C1 single-storey terrace house measuring 750 square feet. Three temples on the original site will also be rebuilt as part of the agreement. The land acquisition process for 6.146 acres was finalised last year under the Land Acquisition Act 1960. A developer has been selected, with construction expected to begin early next year pending planning approval. Chow announced this after witnessing the signing of the Joint Development Agreement between LPNPP and Sierra Residences (M) Sdn Bhd. Offer letters were also handed to buyers of Residensi Rambai Indah and Harbour View Residence projects during the ceremony. The project will include 85 houses, with priority given to the 23 units for affected residents. The remaining 62 houses will be sold to interested buyers. Residents will not need to relocate during construction due to sufficient buffer land availability. V. Thangaraja, a resident, expressed relief after years of uncertainty over their settlement. He highlighted the emotional struggle as families had lived there for over a century. S. Naris, 36, thanked the state government for its persistent efforts in securing permanent homes for them. The resolution marks a significant step in addressing long-standing housing concerns in the area. - Bernama


The Star
3 days ago
- The Star
Trading ideas: Chin Hin, Sime Property, Catcha, Aemulus, Bursa, Malakoff, JS Solar, Cuckoo, Keyfield, I-Bhd, MNRB, Swift, JPG, N2N
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Chin Hin Group Property Bhd is disposing of its entire equity interest in four subsidiaries involved in the commercial vehicles and bodyworks segment to N&K Resources (M) Sdn Bhd for RM74mn. Sime Darby Property Bhd is in talks with banks for a loan of up to RM3bn (US$714mn) to fund the construction of a data centre to be leased to Google, according to sources. Catcha Digital Bhd will acquire a 60% stake in One International Exhibition Sdn Bhd for RM11.4mn cash via its wholly owned unit Catcha Connect Sdn Bhd. Aemulus Holdings Bhd will acquire the camera sensor testing business of China-based Revotronix group for RMB32.46mn (RM19.1mn). Bursa Malaysia Bhd has appointed Datuk Mohamed Rafique Merican as independent non-executive director effective Aug 15, 2025. Malakoff Corp Bhd has appointed Syahrunizam Samsudin as group CEO effective Sept 1, succeeding Anwar Syahrin Abdul Ajib, who is stepping down after nearly five years as MD and group CEO. JS Solar Holding Bhd has signed an agreement with TA Securities Holdings Bhd to underwrite 35.75mn shares for its ACE Market listing targeted for 3Q2025. Cuckoo International (Mal) Bhd posted a 1.8% QoQ decline in 2QFY2025 net profit to RM27.4mn, mainly due to listing expenses of RM4.7mn and higher net impairment losses on financial instruments. Keyfield International Bhd posted a net profit of RM66.4mn in 2QFY25, down 5.2% YoY from RM70.0mn, mainly due to fewer chartered days for both own and third-party vessels. I-Bhd more than doubled its 2QFY2025 net profit to RM11.5mn (+110% YoY) on stronger contributions from leisure and hospitality, property development, and property investment. MNRB Holdings Bhd posted a record-high 1QFY2026 net profit of RM168.4mn (+82.7% YoY), driven by strong insurance/takaful revenue growth and favourable claims experience. Swift Haulage Bhd posted a 19% YoY drop in 2QFY2025 net profit to RM6.8mn, weighed down by higher expenses despite stronger revenue. Johor Plantations Group Bhd posted a 51% YoY rise in 2QFY2025 net profit to RM75.2mn on higher CPO and PK delivery volumes and stronger OCP purchases. N2N Connect Bhd posted a 41% YoY increase in 2QFY2025 net profit to RM3.2mn, boosted by lower operating expenses and higher associate contributions.

The Star
3 days ago
- The Star
Chin Hin selling stakes in firms for RM74mil
PETALING JAYA: Chin Hin Group Property Bhd is disposing of its stakes in four companies to N&K Resources (M) Sdn Bhd for RM74mil, to focus on its core business of property development. In a filing with Bursa Malaysia, Chin Hin said it is disposing of its entire equity interest in Boon Koon Vehicles Industries Sdn Bhd, BKCV Sdn Bhd, Boon Koon Fleet Management Sdn Bhd and BK Fleet Management Sdn Bhd – all of which undertake the company's commercial vehicles and bodyworks business. Upon completion of the proposed disposals, Chin Hin said it will no longer be involved in the commercial vehicles and bodyworks businesses and that the financials (of the four disposed of companies) will be de-consolidated from Chin Hin and its subsidiaries. 'The proposed disposals is a strategic decision to enable the company to focus on its core business of property development.'