KUALA LUMPUR (Feb 4): HCK Capital Group Bhd’s (KL:HCK) non-independent non-executive director Datuk Diong Tak Chong @ Tiong Tak Chong has emerged as a substantial shareholder of the property developer with a 5.27% stake. This came after Tiong converted warrants into 2.6 million shares or a 0.42% stake on Jan 28, according to HCK Capital’s…
Read MoreKUALA LUMPUR (Feb 4): Sunway Real Estate Investment Trust’s (KL:SUNREIT) net property income (NPI) has increased by 22% to RM165.55 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM135.66 million in the same quarter a year earlier. The real estate developer said the higher NPI was driven by nine newly acquired properties…
Read MoreDBKL advisory board member’s alleged misconduct linked to awarding of RM4m project under probe, says minister Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa: “It does not matter if the individual denies the allegation, as it is their right to do so, but from the standpoint of departmental and agency governance, we…
Read MoreThe land, owned by Compugates’ 70%-owned subsidiary Compugates Development and Mining Sdn Bhd (CDMSB), has a market value of RM134.6 million, while its audited net book value stood at RM95.62 million as of end-December 2023, said Compugates. KUALA LUMPUR (Jan 31): Compugates Holdings Bhd (KL:COMPUGT) said it has teamed up with a property developer to…
Read MoreKUALA LUMPUR (Jan 31): AwanBiru Technology Bhd (KL:AWANTEC) is disposing of an eight-storey office and retail building in Cyberjaya to tenant Puncak Hartanah Intelek Sdn Bhd for RM25 million. Awantec’s wholly owned unit Awantec Systems Sdn Bhd inked various sale and purchase agreements with Puncak Hartanah Intelek for the property sale, according to the cloud-based…
Read MoreKUALA LUMPUR (Jan 31): Construction player and property developer Vizione Holdings Bhd (KL:VIZIONE) slipped into the red with a net loss of RM79.68 million for the second quarter ended Nov 30, 2024 (2QFY2025), reversing from a net profit of RM213,000 a year ago. The loss was due to an RM80 million impairment of goodwill on…
Read MoreKUALA LUMPUR (Jan 31): Lebtech Bhd (KL:LEBTECH) has secured a RM21 million contract to develop 104 units of two-storey terraced houses in Seksyen U13, Shah Alam. In a bourse filing on Friday, the construction firm said its wholly owned subsidiary Lebtech Construction Sdn Bhd was awarded the contract by Brighton Land Sdn Bhd. The project…
Read MoreIn a filing with Bursa Malaysia on Friday, DXN said it has issued a 30-day notice of termination to both MMHO and EW. KUALA LUMPUR (Jan 31): DXN Holdings Bhd (KL:DXN) said it is terminating its plan to develop a medicine facility and a wellness centre due to a lack of progress and failure to…
Read MoreKUALA LUMPUR (Jan 31): Citaglobal Bhd (KL:CITAGLB) signed a deal on Friday to buy a 1.58-acre land at Jalan Tun Razak from Bank Islam Malaysia Bhd (KL:BIMB), for RM73 million. The energy and construction outfit said it sees the purchase as a strategic opportunity for long-term value creation and growth, citing the increasing scarcity of…
Read MoreKUALA LUMPUR (Jan 28): Loss-making construction company Ecobuilt Holdings Bhd (KL:ECOHLDS) has proposed a share capital reduction to wipe out its accumulated losses, as well as a rights issue to raise fresh capital. The capital reduction exercise will involve reducing RM35 million of its RM67.96 million share capital, according to the company’s bourse filing on…
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