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Headliners (Seacera, Maxbiz Corp, LBS Bina)
Malaysia Headliners | 09 January 2012
By: Gerald Teo
Articles (40) Profile

Seacera Kick-Starts Its 500-Acre Project With GDV Of RM2b
This year, Seacera Group (Seacera) intends to commence a 500-acre mixed development project in Ulu Langat, Selangor with a gross development value (GDV) of RM2b that will span over 10 to 15 years. Seacera owns 113 acres of the 500 acres, which was acquired for RM27m, while the rest is owned in a 78:22 joint venture with Duta Skyline. Seacera, having the larger portion, has the right of first refusal to buy the remaining land from Duta Skyline but no decision was made yet. Although Seacera had signed the agreement for the acquisition of land a few years ago, its managing director Zulkarnin Ariffin pointed out that the delay in kick-starting the development was due to some issues faced by Duta Skyline’s earlier loans to buy the said land, which is close to being resolved.

Maxbiz Corp Receives Two Contract Awards Worth RM515m
Manufacturer of commercial dye and knit fabric, and supplier of chemicals, Maxbiz Corp (Maxbiz) has received two contract awards worth a combined RM515m. It has received a letter of intent from Fibre-N for a RM510m contract for the fibre-to-the-home and fibre-to-the-office (FTTX) infrastructure works that will involve 100,000 FTTX connections at high-rise residential and office buildings in the Klang Valley, Penang, and Johor Baru. Maxbiz, through its subsidiary Dutamas SME, has also secured a RM4.94m contract from Harta Mesra Development for proposed infrastructure works for phase 1A of a development in Ipoh, Perak.

LBS Bina Group Hopes To Achieve RM800m Sales On Rising Property Prices
LBS Bina Group (LBS Bina) is hopeful on achieving RM800m in sales this year, which is 20% more than last year’s RM663m, following the inflationary effects due to escalating land and building material costs on the housing market. Currently, LBS Bina has some 920ha land bank with an estimated GDV of RM9.1b. It plans to launch 16 projects with GDV totalling RM1.5b as well as 21 on-going projects worth another RM665m. Spread across D’Island Residence in Puchong, Bandar Saujana Putra in Putrajaya, Taman Golden Hills in Cameron Highlands and Bandar Putera Indah in Batu Pahat, the houses in Bandar Saujana Putra should generate about 36% of its sales target while D’Island Residence and non-residential developments should contribute about 30% and 14% in sales respectively.

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