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PETALING JAYA: Solarvest Holdings Bhd has acquired 45 million placement shares in Hartanah Kenyalang Bhd (HKB) at an issue price of 27.5 sen per placement share, for total cash consideration of RM12.4mil.
Solar photovoltaic system specialist Solavest Holdings Bhd (KL:SLVEST) and the central bank of Norway, Norges Bank, have emerged as shareholders in Sarawak-based construction firm Hartanah Kenyalang Bhd (KL:HKB) following the completion of a private placement involving 62 million shares, equivalent to a 10% stake in the company.
Construction firm Hartanah Kenyalang seeks RM15.5 million fresh capital for Sarawak Stadium contract upgrade, earmarking most funds for working capital. Despite potential shareholder dilution, investors confident in company's growth post-listing debut.
KUALA LUMPUR (May 5): Hartanah Kenyalang Bhd (KL:HKB), listed less than a year ago, is now seeking RM15.5 million in fresh capital to fund the Sarawak stadium upgrade and repair works contract.
The placement, involving the issuance of new shares equivalent to 10% of its current share ba...
Amid global cost swings, Sarawak construction company Hartanah Kenyalang Bhd says early material lock-ins and strategic subcontracting have helped cushion the group's margins.
Sarawak-based construction services firm Hartanah Kenyalang Bhd (KL:HKB) flagged margin compression from rising costs driven by ongoing geopolitical tensions.
“All contractors cannot avoid" rising cost impact stemming from higher material prices amid the Iran-US war, said managing director Seah Boon Tiat at a media briefing on Wednesday.
KUALA LUMPUR: Bursa Malaysia stayed higher at midday on continued buying activities in selected financial services, and consumer products and services sectors.