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June 02, 2015 8:34 AM ET

Construction and Engineering

Company Overview of Gabungan AQRS Berhad

Company Overview

Gabungan AQRS Berhad, an investment holding company, engages in property development and construction activities in Malaysia. The company designs and constructs commercial, residential, and government buildings, including schools and government complexes; and provides civil engineering construction services comprising construction of roads, bridges, flyovers, and interchanges. It is also involved in the development of residential and commercial properties. The company was incorporated in 2010 and is based in Petaling Jaya, Malaysia.

H731, Blok H, Jalan Teknologi 3/9

Bistari 'De' Kota

Kota Damansara

PJU 5

Petaling Jaya,  47810

Malaysia

Founded in 2010

Phone:

60 3 6141 8870

Fax:

60 3 6141 8872

Key Executives for Gabungan AQRS Berhad

Gabungan AQRS Berhad does not have any Key Executives recorded.

Gabungan AQRS Berhad Key Developments

Gabungan AQRS Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Gabungan AQRS Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of MYR 105,394,000 against MYR 147,663,000 a year ago. Profit before tax was MYR 7,862,000 against MYR 25,315,000 a year ago. Total comprehensive income for the financial period attributable to owners of the parent was MYR 6,107,000 or 1.57 sen basic and diluted per share against MYR 12,042,000 or 3.39 sen basic and diluted per share a year ago. Net cash used in operating activities was MYR 39,824,000 against MYR 10,367,000 a year ago. Purchase of property, plant and equipment was MYR 3,469,000 against MYR 3,279,000 a year ago. Purchase of land held for property development was MYR 7,187,000 against MYR 2,403,000 a year ago.

Gabungan AQRS Berhad Announces Change of Registered Office Address

Gabungan AQRS Berhad announced the change of registered office address from G581, Blok G, Jalan Teknologi 3/9, Bistari 'De' Kota, Kota Damansara, PJU 5, 47810 Petaling Jaya, Selangor, Malaysia to H731, Blok H, Jalan Teknologi 3/9, Bistari 'De' Kota, Kota Damansara, PJU 5, 47810 Petaling Jaya, Selangor, Malaysia with effect from May 8, 2015.

Suria Bumiria Sdn Bhd Enters into Handover Agreement with Gabungan Aqrs Berhad

SURIA announced that Suria Bumiria Sdn Bhd (SURIA BUMIRIA) have entered into a Handover Agreement with Gabungan Aqrs Berhad (GBG AQRS) on 22 April 2015 to handover the Jesselton Point operating land to GBG AQRS. The Jesselton Point operating land which consists of the Jesselton Point ferry terminal is currently operated by SURIA BUMIRIA and is part of the Development Land. Pursuant to the Joint Venture Agreement and the Handover Agreement, GBG AQRS shall be responsible for ensuring that the essential operation of Jesselton Point ferry terminal is preserved during the development of the Development Land. The Jesselton Point operating land will only be delivered to GBS AQRS upon the erection of a new temporary facilities by GBG AQRS. SURIA BUMIRIA agrees that GBG AQRS shall have the right to develop the Jesselton Point operating Land in accordance with the terms and conditions of the Joint Venture Agreement. In furtherance thereto, SURIA BUMIRIA acknowledges all rights that have been granted by SURIA in favour of GBG AQRS under the Joint Venture Agreement. In consideration of SURIA BUMIRIA agreeing to deliver the Jesselton Point operating land to GBG AQRS, GBG AQRS is to pay MYR 7 million to SURIA BUMIRIA in pursuant to the Joint Venture Agreement and Handover Agreement.

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To contact Gabungan AQRS Berhad, please visit www.gaqrs.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

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