The Company is pleased to announce that the wholly-owned subsidiary of the Company, Century Software (Malaysia) Sdn Bhd has received a Letter of Award dated 31 July 2013 from Jambatan Kedua Sdn Bhd (“JKSB”) for a contract named “Supply, Delivery, Installation, Testing and Commissioning of Hardware and Software for the Implementation of Century Financials and Treasury Investment Systems” for a contract sum of RM988,953.00 (“the Contract”).
LBS Bina Group Bhd has inked a joint venture agreement (JV) with Hotel Rasa Sayang for a residential development project in Johor with a gross development value of RM500 million. The company said its wholly owned subsidiary, Sinaran Restu Sdn Bhd, had on July 6 entered into the JV to develop the land measuring 1.18 acres in the state. The company said the development site is located approximately 5 kilometers to the Custom, Immigration and Quarantine Complex (CIQ). “The development land is strategically located within the much sought-after prime commercial area along Jalan Dato’ Dalam in center of Johor Bahru City, the “Southern Gateway” of Malaysia, which lies under the Zone A of the Iskandar Malaysia,” it said. LBS Bina said the land is proposed to be transformed into a residential project comprises 579 units of services apartment over an estimated project period of 4 years.