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KLSE - Main Board - Construction

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Gamuda

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IJM

The Star 16/3/00 - Joint effort by Renong, UEM, Muhibah, IJM, Road Builder to set up construction related online transactions.

Muhibah

The Star 16/3/00 - Joint effort by Renong, UEM, Muhibah, IJM, Road Builder to set up construction related online transactions.

Pilecon

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Renong

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Road Builder

The Star 16/3/00 - Joint effort by Renong, UEM, Muhibah, IJM, Road Builder to set up construction related online transactions.

The Star 3/3/00 - Road Builder (M) Holdings Bhd has recorded a 56% improvement in pre-tax profit to RM29.26mil for the second quarter of the year to Dec 31, 1999 compared with RM18.72mil in the corresponding quarter in 1998.

UEM

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YTL

The Star 23/3/00 - Renong had teamed up with YTL, Hotel Equatoria, Federal Hotels and Ser Pacific to developm an e-hotel internet portal for the local hospitality and tourism industry. The portal is being set up as a business-to-business web facility for use by hotels and other businesses in the purchase/procurement of goods and services, among other transactions. Renong and YTL will each take a 20% stake in the joint-venture company with the other three parties 10% each. New partneers would be invited to take up the balance 30% interest. Renong would participate in the e-hotel portal venture via its incubator company in which it would hold a 40% stake and UEM 20%. The e-hotel had the potential to be further developed for business-to-consumer transactions, said Yeoh. It is expected that savings in operational costs of 20% to 30% can be made by hotels that adopt e-commerce. The joint-venture company would own the portal and charge a small fee of 1% to 2% for each transaction. Advertising would form another core source of revenue for the company.

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