News by Choy Nyen Yiau

Chin Hin Group Bhd (KL:CHINHIN) managing director Chiau Haw Choon is no longer a substantial shareholder in NCT Alliance Bhd (KL:NCT) after disposing of a 0.62% stake for RM5.8 million.

Haily Group Bhd (KL:HAILY) said on Wednesday that it has secured a RM75.9 million contract from Mah Sing Group Bhd’s (KL:MAHSING) subsidiary for construction works on a residential development in Johor Bahru.

WCT Holdings Bhd (KL:WCT) has proposed to dispose of three retail properties for RM2.44 billion to a newly established real estate investment trust (REIT) named Paradigm REIT, which will be listed on the Main Market of Bursa Malaysia.

Grand Central Enterprises Bhd's (KL:GCE) major shareholders failed in their bid to take the hotel operator private, after the proposal was rejected by minority shareholders at an extraordinary general meeting (EGM) on Friday.

Sabah-based port operator Suria Capital Holdings Bhd (KL:SURIA) said it has signed a new joint development agreement (JDA) to formalise the development of a mixed commercial project within the Kota Kinabalu port area.

The group expects a net pro forma gain of RM50.38 million from the disposal.

Ho Hup revealed that it has been served with the suit dated May 15, 2024 on Aug 12, 2024 in its capacity as corporate guarantors for Golden Wave Sdn Bhd, in respect of a loan facility granted to Golden Wave from SDB.

Bank Negara Malaysia (BNM) is under no pressure to adjust its benchmark interest rate, despite global central banks leaning towards policy easing, thanks to stable inflation and a positive growth outlook, economists said.

Systech Bhd (KL:SYSTECH) has teamed up with Pinetop Technology Venture Sdn Bhd to develop and operate data centres.

Sentoria Group Bhd (KL:SNTORIA) said on Thursday that Messrs Grant Thornton Malaysia PLT (GTM) has voluntarily resigned as the company’s external auditors.