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Friday, June 28, 2013

Ho Hup and Muhibbah (CIMB)

Ho Hup Construction Co Bhd expects to complete its financial regularisation plan by the fourth quarter of this year. Its executive director Derek Wong Kit Leong said the company has received Bursa Malaysia's approval for its regularisation proposal on May 13, 2013. "Based on the listing requirement, we will apply to Bursa for upliftment of Practice Note 17 (PN17) status after we have achieved two consecutive quarters of profits upon completion of the proposed regularisation exercise," he said.

 For its future growth, Wong said the company aims to focus on property development, construction and the ready mixed concrete business. "Ho Hup has a long track record in the property development and construction sectors and we will continue to leverage on our core business strengths and build on our vast experience for renewed growth," he added. (sun)

Muhibbah Engineering has been awarded a licence by Petronas as an approved supplier for offshore facilities construction and major onshore fabrication works. This allows the company to tender and participate in upcoming offshore facilities construction and major onshore fabrication works for Petronas, as well as other oil operators in Malaysia. (StarBiz)

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