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Aiming at the Pan-Borneo Highway project, Great City Group strives for the contract independently.

Aiming at the Pan-Borneo Highway project, Great City Group strives for the contract independently.
Dah Cheng Group is listed on the main board. From left to right: Cai Caihua, Zhong Yanling, Emerin Mixell, Luo Wenqi, Luo Zhaolong, Luo Zhaojie, Angie, Anno, Lin Shengfa
Dah Cheng Group is listed on the main board. From left to right: Cai Caihua, Zhong Yanling, Emerin Mixell, Luo Wenqi, Luo Zhaolong, Luo Zhaojie, Angie, Anno, Lin Shengfa
Big City Group, the construction contractor for East Malaysia Sabah roads infrastructure. $AZAMJAYA (5329.MY)$By enhancing internal expertise and technology, the goal is to reduce reliance on external contractors for the Pan-Borneo Expressway project.
Datuk Luo Zhaolong, the managing director, expressed to the media after the listing ceremony today that as part of Big City Group's growth strategy, they plan to take on more internal projects in the future.
"We are expanding our machinery construction team, utilizing advanced technology to increase production capacity, maximize efficiency, and reduce costs."
He also revealed that the reason for such planning is to ensure better control of the project progress.
"Because some external contractors may delay delivery times, causing us to constantly urge them, sometimes even finding it difficult to complete the work on time."
Looking ahead, Dacheng Group is actively planning to bid for additional engineering projects of the Pan Borneo Highway project.
"We have learned that the related projects in the Sabah region are about to enter the second and third phases, and the group is ready to participate."
At the same time, Executive Director Datuk Law Jen Kui also expressed optimism about the group's expansion plans beyond the core market in Sabah.
Aiming at Sarawak and Kalimantan.
"Due to geographical advantages, we plan to expand our business to Sarawak and the adjacent Indonesian region of Kalimantan. If the profit prospects are good, we will certainly consider it, and it is not difficult to move equipment to that area."
"As for the Peninsula Malaysia, due to intense competition, it is currently not our expansion destination."
Today, Dacheng Group made its debut on the main board and had a strong opening, with an opening price of 1 ringgit, a 28.21% premium over the initial public offering (IPO) of 78 cents, with the first trade involving 5.13 million shares.
Subsequently, Dacheng Group briefly rose to 1.16 ringgit during midday trading, a premium of 48.72%, but due to poor market conditions, it retraced some of the gains.
The attendees of today's bell-ringing ceremony included non-executive directors Cai Caihua, Zhong Yanling, Aimee Lin Michel (translated pronunciation), Datuk Ang Ji, and acting director and Chief Innovation Officer Datuk Luo Zhaojie.
In addition, there were Inter Pacific Securities Capital Markets and Corporate Finance Director Annuo, and Capital Markets and Corporate Finance Senior Advisor Lin Shengfa.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and education purposes only and does not constitute any specific investment, investment strategy, or endorsement. Readers should bear any risks and responsibilities arising from reliance on this content. Before making any investment decisions, it is essential to conduct independent investigations and assessments and consult professionals when necessary. The author and relevant participants are not responsible for any losses or damages arising from the use of or reliance on the information contained in this article.
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