Sunway Bids for RM20bn Contracts
Sunway Holdings Berhad is bidding for foreign and local contracts worth about RM20bn as big spending plans by governments boost construction activity globally. “Including what we are going to bid, it’s about RM20bn managing director Yau Kok Seng said yesterday. “Our past track record (for successful bids) is about 10% which means over the next 6 to 12 months, we should be able to win at least RM2bn worth of jobs, Yau told Reuters in an interview. (Financial Daily)
IJM Land to Launch Some 20 Projects Worth RM1bn
IJM Land expects to launch some 20 projects worth over RM1bn in its fiscal year ending March 31, 2010 on the back of rise in the property market. CEO Datuk Krishnan Tan said the launches of these projects are on track, depending on the outlook of the property market.(Financial Daily)
Naza Group to Take Over Jetson
Naza Group, one of the country’s largest conglomerates whose mainstays are motor trading, automotive franchises and property development, is likely to take over construction outfit Kumpulan Jetson, sources said. It is learnt that Naza Group has bought a large stake in Kumpulan Jetson, with a deal likely to be announced to Bursa Malaysia soon. It will mark the entry of the Naza Group to the listed company arena. Yesterday, about 19.2m shares or 36.4% of Kumpulan Jetson crossed in several off-market block trades at 70 sen a share. The purchaser is said to be Naza Group. (Financial Daily)
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