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2019-02-23 11:11 | Report Abuse
LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News
By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL
THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.
The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.
Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.
The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.
Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.
The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.
Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.
The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.
This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.
Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.
“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.
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2019-02-23 10:46 | Report Abuse
99% ecrl project will proceed, target lionind price above rm 1
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2019-02-22 11:49 | Report Abuse
Its time for lion king
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2018-11-05 20:41 | Report Abuse
0.50 is the target...
0.75 is the best
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2018-10-29 10:03 | Report Abuse
md1961 Bursaload - when do you think this stock will start to take-off. So far not moving .....
Any estimation please
29/10/2018 09:42
Anzo already reach the bottom, will take -off any time. Can collect and get ready
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2018-10-29 10:01 | Report Abuse
Changes of Company Secretary (201810264200234)
Company Name ANZO HOLDINGS BERHAD
Stock Code / Short Name 9342 / ANZO
Date & Time Announce 26/10/2018 07:00:01 AM
Subject Change of Company Secretary
Content
Date of change : 26/10/2018
Type of change : AP
Designation : OT
Details
Name : VIMALRAJ A/L SHANMUGAM
Working Experience and occupation during past 5 years : null
Remarks
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
free website hit counter
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2018-10-19 09:47 | Report Abuse
3932 buy and clear 0.055 to prove ur statement
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2018-08-27 14:00 | Report Abuse
Alex™ I remembered I want to buy on news when it was 60sen last year. For some reason, the price chases too fast so I gave up....today I came back and see....hmm.....
24/08/2018 15:48
Alex bought 30,000 units only at 0.05 sen just now
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2018-08-10 12:58 | Report Abuse
辭去公司審計師的職務，該行給予的理由是安卓控股財年的變更，並不在審計師計劃的一部分。同時，該行也沒有多余的人力和資源來完成審計工作。
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2018-08-10 10:53 | Report Abuse
The price already reach the bottom for so long, its time to collect
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2018-08-09 18:43 | Report Abuse
Be patient, once the price moving up, no more 0.055 sen for you.
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2018-08-09 11:06 | Report Abuse
0.055 is too cheap to bet over 100% profit
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2018-08-09 10:48 | Report Abuse
Dato chai is one of the common shares holder in Paragon @ KL Northgate, once the project reconfirmed, the price will jump from 0.05 to ABOVE rm 1.00.
The only chance anzo has.
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2018-08-09 10:27 | Report Abuse
Once the good news announcement, there will be unlimited uptrend due to the 0.05 price
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2018-08-08 20:14 | Report Abuse
DATO Eddie chai is tan sri chai kin kong son
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2018-08-08 20:12 | Report Abuse
MALAYSIACORPORATE
Notable Trade
Credit Suisse buys 5.17% stake in Permaju Industries
Supriya Surendran
/
theedgemarkets.com
September 26, 2017 14:50 pm +08
-A+A
KUALA LUMPUR (Sept 26): Global financial services company Credit Suisse Group AG through its unit Credit Suisse Securities (Europe) Ltd has emerged as a substantial shareholder in Permaju Industries Bhd with a 5.17% stake.
In a filing to Bursa Malaysia today, Permaju said Credit Suisse Securities had purchased the 9.68 million shares, representing a 5.17% stake in the company, on Sept 21.
Sabah-based Permaju through its automotive division is involved in the distribution of Volkswagen and Ford franchises. The group is also involved in property development activities.
The company is controlled by the Chai family, namely brothers Datuk Chai Kin Loong, Tan Sri Chai Kin Kong and Chai Kim Chong, who control some 18% of the company.
Kin Kong is also the chairman of property developer Aset Kayamas Sdn Bhd. His son Datuk Eddie Chai Woon Chet is the managing director of Bursa Malaysia-listed Anzo Holdings Bhd.
Permaju shares dipped 0.5 sen or 1.5% to 33.5 sen at noon market close, with 719,100 shares changing hands.
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2018-08-08 19:45 | Report Abuse
0.05 is too cheap, once any good news announced, the price will fly unlimited high.
Stock: [ANNJOO]: ANN JOO RESOURCES BHD
2019-02-23 11:11 | Report Abuse
LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News
By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL
THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.
The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.
Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.
The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.
Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.
The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.
Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.
The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.
This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.
Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.
“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.