News by Emir Zainul

Ahmad Zaki Resources Bhd (KL:AZRB) said its wholly-owned subsidiary Ahmad Zaki Sdn Bhd (AZSB) has been served with two more winding-up petitions over alleged unpaid claims totalling about RM1.78 million, adding to a string of similar legal actions against the unit over the past two years.

The long-awaited master plan and investment blueprint for the Johor-Singapore Special Economic Zone (JS-SEZ) have been completed and approved by the Cabinet, but their launch will only take place after the Johor state elections.

Pipe manufacturer YLI Holdings Bhd (KL:YLI) is selling two industrial land parcels in Prai, Penang, for RM28.5 million cash, with the disposal expected to generate a net gain of about RM6.83 million and help reduce the group's losses.

IOI Properties Group Bhd (KL:IOIPG) posted a more than threefold jump in its third-quarter net profit, driven by the consolidation of its Singapore assets and a RM130 million land sale in Melaka, as well as broad operational improvements across all its business segments.

Penang Chief Minister Chow Kon Yeow released parts of the request for proposal (RFP) and tender documents for the Ladang Byram/Changkat project under Batu Kawan Industrial Park (BKIP) 2 to defend the state’s rejection of the IJM Properties-led consortium bid.

Eastern & Oriental Bhd (KL:E&O) may absorb some rising construction costs driven by the ongoing conflicts in the Middle East rather than passing them entirely to homebuyers, as the property developer prioritises sustaining its RM1 billion annual sales.

Maxim Global Bhd (KL:MAXIM) has received a mandatory takeover offer of 24 sen per share from its managing director Tan Sri Gan Seong Liam.

CBH Engineering secured a RM29.69 million Johor data centre job, further boosting its data centre-heavy order book.

In addition to his role at SCIB, Ku currently also serves as an executive director and the chief financial officer of Globetronics Technology Bhd. 

Bina Puri Holdings Bhd (KL:BPURI), which has at least six winding-up petitions against its subsidiaries, has landed a RM42.5 million contract to undertake construction works for a project in the Limbang district of Sarawak.