Exsim Hospitality wins RM15.6 million subcontract from Nestcon subsidiary
The work is due to finish on Oct 31, 2028, with a 27-month defect liability period to follow.
Bursa Malaysia announcements, listings, company results and market news.
The work is due to finish on Oct 31, 2028, with a 27-month defect liability period to follow.
MKH shares will be suspended from 9am on Oct 16, while the offerors have said they do not intend to keep the property developer listed.
The revised allocation raises factory expansion funding to RM230.13 million and working capital funding to RM150.43 million.
The group obtained approval to reschedule a RM33.5 million term loan, but its auditor said liquidity remains dependent on planned initiatives.
The proposed appointment of subsidiary Handal Indah would run from Jan 1, 2027 until March 31, 2031, with contract terms still subject to discussion.
Operations are expected to begin in 2030 under the agreement with PETRONAS LNG Ltd. The contract value was not disclosed.
A further RM8.6 million was allocated for restitution involving 933 investors, Finance Minister II Datuk Seri Amir Hamzah Azizan told Parliament.
Market breadth was negative, with 466 declining counters against 197 gainers. Trading value reached RM370.21 million.
The construction firm's move from ACE Market involves no new share offering, while its stock code and short name are unchanged.
An economist said markets were watching the fiscal deficit outlook as energy price shocks were expected to affect the 2026 target.