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Yoong Onn Corp Bhd says its 60%-owned subsidiary, TC Homeplus Pte Ltd, has appointed Precise Development Pte Ltd as the contractor for the construction of a four-storey single-user B2 industrial building at 18 Tampines Street 92, Singapore, worth RM41.18mil.
PETALING JAYA: Yoong Onn Corp Bhd said its 60%-owned subsidiary, T.C. Homeplus Pte Ltd, has appointed Precise Development Pte Ltd as the contractor for the construction of a four-storey single-user B2 industrial building at 18 Tampines Street 92, Singapore, worth RM41.18mil.
KUALA LUMPUR: Yoong Onn Corp Bhd's 60 per cent-owned subsidiary TC Homeplus Pte Ltd has appointed Precise Development Pte Ltd for a S$13.16 million (RM41.18 million) contract to build a four-storey industrial facility in Singapore.
Analysts showed optimism that the ongoing fourth-quarter (4Q) earnings season has got off to a firmer start, with the beat-to-miss ratio improving sharply from the previous two quarters.
While the consumer sector's sector-wide environmental, social and governance (ESG) compliance has improved, selected companies like Padini Holdings Bhd and Leong Hup International Bhd have a clear gap in carbon emissions disclosures, says Maybank Investment Bank Research (Maybank IB).
Malaysia's new targeted fuel subsidy scheme is set to reshape household spending patterns, car ownership trends, and sectoral earnings across the economy, with ripple effects expected in both the near term and longer horizon.
Yoong Onn Corp Bhd has incurred an estimated loss of RM30mil as a result of the fire that broke out at the Singapore factory and warehouse of its 60%-owned subsidiary, T.C. Homeplus Pte Ltd on May 9. In a filing with Bursa Malaysia, the home linen and bedding accessories retailer said the loss arose from the damage to property, plant and equipment inventories.