Latest news with #RM70mil
The Star
3 days ago
- Business
- The Star
LFE Corp secures four construction jobs totalling more than RM70mil
PETALING JAYA: LFE Corp Bhd has secured four contracts, two each from Puncak Concept Sdn Bhd and SD Ara Damansara Development Sdn Bhd for construction jobs totalling more than RM70mil. In a filing with Bursa Malaysia, LFE Corp said it had secured a RM4.82mil and RM3.07mil contract from Puncak Concept in relation to the supply and delivery of the material for the execution and completion of earthworks and retaining walls for the proposed development in Cyberjaya. 'The contract period shall be nine months commencing from June 30, 2025 and the completion date shall be March 29, 2026. Additionally, the company also won contracts worth RM32.46mil and RM30.49mil from SD Ara Damansara Development for construction works for a proposed development in Ara Damansara, Selangor. 'The contract period shall be 21 months commencing from June 30, 2025 and the completion date shall be March 29, 2027.' The company said that Chuah Chong Ewe, the executive chairman and substantial shareholder of LFE Corp, is also a director and shareholder at Puncak Concept and SD Ara Damansara Development.
The Star
28-05-2025
- Business
- The Star
AmBank approves RM70mil financing for Sunview
AmBank Group SVP, commercial banking 1, business banking Edmund Tay (seated, left) and Sunview group executive director and group chief operating officer Chow Kian Hung (seated, right) together with (from left) AmBank Group head of commercial banking 1, business banking Yeow Swee Yun, AmBank Group managing director of business banking Christopher Yap and Sunview group executive director and group chief executive officer HP Ong. PETALING JAYA: AmBank Group, through AmBank Islamic Bhd, has approved banking facilities amounting to RM70mil for Fabulous Sunview Sdn Bhd (FSSB), a wholly owned subsidiary of Sunview Group Bhd . In a statement, the bank said the financing would partly fund the construction of a 29.99MWac ground-mounted photovoltaic solar power plant in Sungai Petani, Kuala Muda, Kedah. The project was awarded by Dayasinar Energy Sdn Bhd under the Corporate Green Power Programme. The project with a contract amounting to RM98.29mil will be executed by FSSB where it includes design, procurement, erection, connection, commissioning and testing as well as supply of equipment for the construction of a ground mounted photovoltaic solar generation facility. 'We are pleased to support FSSB and Sunview Group in this initiative. Looking ahead, we remain committed to strengthening our contribution to Malaysia's renewable energy ecosystem,' AmBank Group managing director, business banking Christopher Yap said.
The Star
28-05-2025
- Business
- The Star
Ambank approves RM70mil financing for Sunview's 29.99MW solar project
AmBank Group SVP, commercial banking 1, business banking Edmund Tay (seated, left) and Sunview group executive director and group chief operating officer Chow Kian Hung (seated, right) together with (from left) AmBank Group head of commercial banking 1, business banking Yeow Swee Yun, AmBank Group managing director of business banking Christopher Yap and Sunview group executive director and group chief executive officer HP Ong. KUALA LUMPUR: AmBank Group, through AmBank Islamic Bhd, has approved banking facilities amounting to RM70mil for Fabulous Sunview Sdn Bhd (FSSB), a wholly owned subsidiary of Sunview Group Bhd . In a statement, the bank said the financing would partly fund the construction of a 29.99MWac ground-mounted photovoltaic solar power plant in Sungai Petani, Kuala Muda, Kedah. The project was awarded by Dayasinar Energy Sdn Bhd under the Corporate Green Power Programme (CGPP). The project with a contract amounting to RM98.29mil will be executed by FSSB where it includes design, procurement, erection, connection, commissioning and testing as well as supply of equipment for the construction of a ground mounted photovoltaic (PV) solar generation facility. "We are pleased to support FSSB and Sunview Group in this initiative. Looking ahead, we remain committed to strengthening our contribution to Malaysia's renewable energy ecosystem by exploring potential financing opportunities in upcoming government programmes,' AmBank Group managing director, business banking Christopher Yap said. Meanwhile, Sunview group executive director and group chief executive officer HP Ong said: 'The financing facilities provided play an important role in supporting the rollout of our solar project under the CGPP scheme. With this support, we are able to continue contributing to Malaysia's energy transition and contribute to a greener and more sustainable future.'
The Star
27-05-2025
- Business
- The Star
Sentral-REIT buys retail units for RM70mil
PETALING JAYA: Sentral Real Estate Investment Trust (Sentral-REIT) is acquiring 38 stratified retail units and 1,432 car park bays as part of the Arcoris Plaza Development from UEM Sunrise Bhd for RM70mil. In a filing with Bursa Malaysia, Sentral-REIT said the property is strategically located in Mont Kiara, Kuala Lumpur. 'Sentral-REIT will be able to take advantage of greater economies of scale in the Mont Kiara neighbourhood with the purchase of the property. 'This enables the company to leverage its existing resources (property management and leasing team) to manage the operations at the property.' Sentral-REIT said the prospects of the property are expected to be positive in view of its strategic location, good accessibility and steady income stream.
The Star
27-05-2025
- Business
- The Star
Sentral REIT acquires retail units in Mont Kiara for RM70mil
PETALING JAYA: Sentral Real Estate Investment Trust (Sentral REIT ) is acquiring 38 stratified retail units and 1,432 car park bays as part of the Arcoris Plaza Development from UEM Sunrise Bhd for RM70mil. In a filing with Bursa Malaysia, Sentral REIT said the property is strategically located in Mont Kiara, Kuala Lumpur. 'Mont Kiara is a mature neighbourhood with a large expatriate population, and it fulfils the criteria of a strategic location with good infrastructure, reputable international schools, bustling commercial centres, entertainment and leisure facilities. 'Sentral REIT will be able to take advantage of greater economies of scale in the Mont Kiara neighborhood with the purchase of the property. This enables the company to leverage its existing resources (property management and leasing team) to manage the operations at the property.' Sentral REIT said the prospects of the property are expected to be positive in view of its strategic location, good accessibility, good income stream. 'Premised on the above, the manager believes that the property will add value to the unitholders in the long run.'
