Central Global buys a four-storey office and showroom space, measuring approximately 48,690 sq ft, in Kota Kinabalu, Sabah, for RM19.5 million. Looks like it will get more projects from Borneo 😉
The property will serve as the group’s headquarters, warehouse, and storage facility, with plans to expand product offerings. CGB will have more presence in Sabah
Budget 2025 is over. Sabah and Sarawak will get RM6.7 billion and RM5.9 billion in development funds, respectively. Will CGB get more projects from East Malaysia next year? 😃
Absolutely! With all these mega projects rolling out in East Malaysia, CGB is definitely in a prime spot to benefit. 📈 The strong order books and the management's confidence in delivering on large-scale projects really set the stage for a solid rebound. Can’t wait to see how they perform in the second half of 2024!
As at 30 September 2024, the current secured unbilled order book of CGB's construction segment is approximately RM729.49 million. I believe the company will continue to generate good revenue in the next few quarters.
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Tenka226
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Posted by Tenka226 > 2 months ago | Report Abuse
Central Global will obtain more infra projects 🙂
https://www.nst.com.my/business/economy/2024/09/1103117/construction-boost-malaysia-fueled-large-infra-projects