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They will appoint Mr. Yap Kek Siung as the new executive director. He has more than 20 years of experience in project planning, management and construction supervision btw
Taghill has also diversified into property development, and recently secured a RM494.65mil contract to build a mixed-use project in Bandar Seri Damansara. It's a major move in its growth plans
The reason for the reported loss is impairment charges totaling RM27.0 million; RM14.9 million from trade receivables and RM12.2 million from contract assets, mainly linked to older projects from the former Siab entity. The rest of the business is performing well, so the company is expected to return to profitability next quarter