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5Vote!

Investors say giant HCM City hospital project on track

... the city Departments of Planning and Investment and Construction corroborated their statements.Lai Voon Hon, general director of the company, said usually, investors like us, need to receive all land use rights before investing in the project, however, in the case of the hospital the company is going ahead despite not having such rights, as yet.In the first phase, in 2008-10, a 250-bed general...

3Vote!

Ireka studying growth options, not ruling out REIT

IREKA Corp Bhd’s growth driver may come from either a real estate investment trust (REIT) or expansion of its development management services to other property markets. Until it finalises its options, the construction group is now on an asset-light operations mode, keeping its balance sheet lean, its executive director Lai Voon Hon told Business Times recently. Incorporated in 1967 by...

3Vote!

Construction arm to stay as top revenue contributor

IREKA Corp Bhd's construction arm, Ireka Engineering & Construction (IEC) Sdn Bhd, will remain the biggest contributor to its net profit and revenue going forward, executive director Lai Voon Hon said. Ireka, set up in 1967, is involved in construction, property development, hospitality & leisure, and information technology. IEC has three projects in hand, namely SENI Mont' Kiara and...