News by Emir Zainul

Advancecon Holdings Bhd (KL:ADVCON) has secured a second favourable adjudication decision in its payment dispute with China Communications Construction (ECRL) Sdn Bhd (CCC) over works carried out for the East Coast Rail Link (ECRL) project.

Bina Puri Holdings Bhd’s (KL:BPURI) has received its sixth winding-up petition this year, after the Inland Revenue Board (IRB) filed action against its wholly owned unit BPI (WM) Sdn Bhd for allegedly failing to pay outstanding taxes.

Tuju Setia Bhd (KL:TJSETIA) has secured a RM54 million contract to construct a five-storey factory in Klang, Selangor.

MUI Properties Bhd (KL:MUIPROP) is acquiring eight parcels of freehold land in Ijok, Selangor, for RM605 million to rebuild its development pipeline following its recent land sale in Negeri Sembilan.

IGB Bhd’s (KL:IGBB) net profit for the third quarter climbed 32.3% to RM97.48 million from RM73.69 million a year ago, driven by stronger contributions from its retail, commercial, hotel and property development divisions.

Lim Seong Hai Capital Bhd (KL:LSH) has declared a fourth interim dividend of 1.55 sen per share, bringing the total dividend payout for the financial year ended Sept 30, 2025 (FY2025) to a record 3.89 sen.

Scottsdale Properties owns the JW Marriott Singapore South Beach, South Beach Avenue and South Beach Tower.

Practice Note 17 (PN17) company Ireka Corp Bhd (KL:IREKA) said it has secured a RM15.5 million subcontract to build a government health clinic and integrated quarters in Mak Mandin, Seberang Perai, Penang.

Sime Darby Property Bhd’s (KL:SIMEPROP) net profit for the third quarter ended Sept 30, 2025 (3QFY2025) rose 31.2% year-on-year (y-o-y) to RM168.23 million from RM128.26 million, boosted by stronger sales and cost efficiency in its property development business.

Haily Group Bhd (KL:HAILY) has secured two construction contracts worth a combined RM80.3 million for residential projects in Taman Bestari Perdana, Plentong, Johor Bahru.