Thursday 25 Apr 2024
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KUALA LUMPUR (April 17): Ikhmas Jaya Group Bhd shares fell 3.03% this morning after it for the third time deferred the construction of its new prefabricated building system manufacturing facility in Teluk Panglima Garang, Selangor.

At 9.28am, Ikhmas Jaya fell 0.5 sen to 16 sen with 743,700 shares done.

The piling specialist cited the same reason as before for the deferment — there has been no sufficient successful tenders for projects which could utilise the prefabricated building components.

The group had as early as October 2014 sought to convert the land use and set up the facility, and had projected to obtain the certificate of completion and compliance by end-February 2017.

However, it announced a deferment of the construction in March last year. In September, a further postponement of the project was announced.

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