KUALA LUMPUR (May 14): The High Court has ruled that the requisition notice from 10 shareholders of Kumpulan Jetson Bhd (KL:JETSON) seeking an extraordinary general meeting (EGM) to remove the directors of the construction group is invalid. Judge Wan Muhammad Amin Wan Yahya also ruled that any further action taken regarding the requisition notice is…
Read MoreKUALA LUMPUR (May 15): The first two towers of TRX Residences, the residential component of The Exchange TRX precinct jointly developed by Lendlease and TRX City Sdn Bhd, were completed and obtained their Strata Title ahead of CCC (Certificate of Completion and Compliance). Housing and Local Government (KPKT) minister Nga Kor Ming who officiated the…
Read MoreKUALA LUMPUR (May 14): Ageson Bhd (KL:AGES), whose external auditor raised concerns about its receivables as well as its subsidiaries’ revenues and asset valuation, announced that consultant Virdos Lima Consultancy (M) Sdn Bhd (VL Consultancy) did not find any “material adverse findings from its independent assessment”. In October last year, the engineering construction firm’s external…
Read MoreKUALA LUMPUR (May 14): GuocoLand (Malaysia) Bhd (KL:GUOCO) — controlled by tycoon Tan Sri Quek Leng Chan — saw its net profit tumble 66.3% for the third quarter ended March 31, 2024 (3QFY2024), due to lower revenue from its property development division. Nonetheless, this was partially offset by a better performance of the hospitality division,…
Read MoreKUALA LUMPUR (May 14): YNH Property Bhd’s (KL: YNHPROP) proposed sale of a 5.098-acre freehold land in Desa Sri Hartamas to Sunway Bhd (KL:SUNWAY) for RM170 million has been extended for a fifth time, stretching the deadline by another year to May 12, 2025, as more conditions are being added to the deal following the…
Read MoreKUALA LUMPUR (May 13): IOI Properties Group Bhd (KL:IOIPG) has announced the resignation of its chief financial officer Melissa Tan Swee Peng (pictured) effective from June 3, after having served the company for about two years. Tan, 50, is resigning “to pursue other personal interests and opportunities”, the property developer said in a filing with…
Read MoreKUALA LUMPUR (May 13): Another tree has fallen in the city, this time on Jalan Pinang near Menara Prestige. According to a report by The Star, the fallen tree has blocked all lanes on the road while several cars appeared to have been damaged. The New Straits Times reported that a Kuala Lumpur Command and…
Read MoreKUALA LUMPUR (May 13): Eversendai Corp Bhd’s recent sharp rise in its share price has attracted scrutiny from Bursa Malaysia, which issued an unusual market activity (UMA) query to the steel structure and fabrication company on Monday. Shares of Eversendai jumped as much as 27.64% or 17 sen to a high of 78.5 sen during…
Read MoreKUALA LUMPUR (May 13): Gagasan Nadi Cergas Bhd (KL:NADIBHD) launched its latest affordable housing project named Idaman Amani in the City of Elmina, Selangor on May 11 (Saturday) in conjunction with the opening of the Gagasan Nadi Cergas’ Galeri Idaman sales gallery at Kwasa Damansara, according to a press statement on Monday. With a gross…
Read MoreKUALA LUMPUR (May 10): Ajiya Bhd (KL:AJIYA) has entered into a loan agreement with Chin Hin Group Bhd (Chin Hin)(KL:CHINHIN) to provide a loan of up to RM250 million to Chin Hin. The loan facility will have an interest rate of 7.5% per annum. Ajiya said the loan is expected to be drawn down by…
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