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Thursday, November 19, 2009

Ahmad Zaki wins RM309mil job

KUALA LUMPUR: Ahmad Zaki Resources Bhd has secured a project from the Public Works Department worth RM309.4mil to build a complex along Jalan Sultan Salahuddin, Kuala Lumpur.

In a statement to Bursa Malaysia yesterday, Ahmad Zaki said the works were to be completed from Dec 1, 2009 to May 28, 2012.

It added that the project was expected to contribute positively to the group’s earnings and the net tangible assets for the financial years ending 2009 to 2012.

KUALA LUMPUR: TRC Synergy Bhd’s subsidiary TRC Land (Cambodia) Ltd is acquiring a 26% stake in a Cambodian construction and property development company, Delta Garden Ltd, for US$1.95mil.

In a filing with Bursa Malaysia yesterday, TRC said it had signed a sale shares contract with Liv Sopheaktra, for the transaction. It said Delta was currently constructing 123 residential units and a club house in Phnom Penh.

TRC said it considered the investment strategic as there was a healthy demand for quality homes in Phnom Penh and Delta had a substantial land bank.

It added that it was confident of securing construction contracts there, given its extensive experience in public works construction, major civil engineering works and property development.

By The Star

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