Ibraco and China Railway Secure RM568.81 Million Kuching Urban Transportation System (KUTS) Infrastructure Project

Malaysian property developer Ibraco Bhd, in collaboration with China Railway Group Ltd, has successfully secured a significant construction project valued at RM568.81 million. The project involves critical infrastructure works for the Kuching Urban Transportation System (KUTS), marking a significant step in enhancing the city's transportation capabilities. The joint venture comprises Ibraco, represented...

Ibraco unit sets up JVCo for ready-mix concrete biz

Property developer Ibraco Bhd's unit Ibraco Construction Sdn Bhd has set up a joint venture company with supplier of asphalt concrete and ready-mixed concrete Kamunting Premix Plant Sdn Bhd. In a bourse filing on Friday (Dec 16), Ibraco said Ibraco KPP Concrete Sdn Bhd has an initial paid-up capital of RM100,000 represented by 100,000 ordinary shares. In the JV, Ibraco Construction will hold a 70%...

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