Crescendo wraps up FY2025 with record revenue, profit
Crescendo Corporation Bhd (KL:CRESNDO) has reported a record-high earnings for the financial year ended Jan 31, 2025 (FY2025), thanks to data centre land sales in Iskandar Puteri.
Gamuda says to sign several 'imminent' large contracts, as 2Q profit grows 4.8%
Gamuda Bhd (KL:GAMUDA) reported a 4.8% year-on-year increase in net profit for the second fiscal quarter thanks to domestic construction projects, particularly the Penang land reclamation works.
LSH Capital plans to transform 10-acre KL Tower area into a tourism, retail and cultural destination
Property developer and construction firm Lim Seong Hai Capital Bhd (LSH Capital) (KL:LSH) on Wednesday said it plans to rejuvenate the 10-acre area around KL Tower into an integrated destination for tourism, retail and cultural engagement.
Elevated office vacancy rates persist as supply outpaces demand, BNM says
Total office space stock in the Klang Valley expanded further to 121.7 million sq ft in the fourth quarter of 2024 (4Q2024), up from 121 million sq ft as at the end of 2Q2024.
Industrial land sales boost EcoWorld net profit in 1QFY2025; declares one sen interim dividend
Eco World Development Group Bhd (KL:ECOWLD) posted a 15.4% year-on-year (y-o-y) increase in net profit for the first quarter ended Jan 31, 2025 (1QFY2025) to RM80.34 million, driven by two major industrial land sales and stronger contributions from its projects in Johor.
Cahya Mata Sarawak sues deputy chairman Abu Bekir Taib, five others over failed project
Cahya Mata Sarawak Bhd (KL:CMSB) has initiated legal action against its deputy chairman Datuk Seri Mahmud Abu Bekir Taib over alleged breaches of trust and fiduciary duties in relation to a failed enterprise resource planning (ERP) system under the company’s digital transformation project.
Pecca acquires land in Rawang to expand manufacturing capacity
Automotive leather upholstery manufacturer Pecca Group Bhd (KL:PECCA) said it is acquiring land measuring 25,350 sq m in Bandar Serendah, Rawang, to support its expansion plans.
Econpile secures RM27m contract for Setia Federal Hill project
Econpile Holdings Bhd (KL:ECONBHD) has clinched a RM27.23 million contract for substructure works for the Setia Federal Hill project (Residential Tower 1) in Kuala Lumpur.
Northeast to acquire two land parcels in Penang for RM16.35m to expand capacity
Precision component manufacturer Northeast Group Bhd (KL:NE), which debuted on the ACE Market last October, is acquiring two leasehold properties in Seberang Perai Tengah, Penang for RM16.35 million, as part of its plan to accelerate production capacity expansion amid construction delays for its new factory.
Vizione to cut share capital by RM500m to offset accumulated losses
Construction player and property developer Vizione Holdings Bhd (KL:VIZIONE) has proposed a share capital reduction of up to RM500 million to eliminate its accumulated losses and strengthen its financial position.
