News by Emir Zainul

Net profit for the three months ended March 31, 2024 (1QFY2024) was RM32.40 million or 2.51 sen per share compared with RM27.83 million or 2.16 sen per share in the same quarter the prior year. 

AirAsia MOVE, the travel super-app by Capital A Bhd (KL:CAPITALA), has inked a memorandum of understanding with The Commune Mall to offer exclusive discounts spanning flights, hotels and rides deals to patrons of the mall.

Electrical and mechanical engineering group LFE Corp Bhd (KL:LFECORP) has bagged two contracts related to the construction of a 22-storey hotel in Penang worth a total of RM16.7 million.

Property developer BCB Bhd (KL:BCB) is buying 59 parcels of freehold land in Batu Pahat, Johor, measuring approximately 286.82 acres, for RM83.71 million from oil palm cultivator Lian Hup Seng Sdn Bhd.

YNH said a land search conducted on Feb 26, 2024 revealed the caveat lodged over the property on Sept 25, 2023 and an endorsement dated Sept 29, 2023, pending registration, accompanied by remarks indicating “Hakmilik Kekal Ambil Balik Sebahagian Tanah” for an acquisition.

IOI Properties Group Bhd (KL:IOIPG) has announced the resignation of its chief financial officer Melissa Tan Swee Peng effective from June 3, after having served the company for about two years.

Property developer Paramount Corp Bhd (KL:PARAMON) said on Friday that it has acquired a 21.54% stake in rival Eco World International Bhd (KL:EWINT) for RM170.61 million in cash, to accelerate its overseas expansion and diversification plan.

Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) said in a Bursa Malaysia filing on Wednesday it had been granted a restraining order by the High Court of Malaya in Penang to restrain all further proceedings against the company including winding up, execution and arbitration from its creditors.

Construction company Inta Bina Group Bhd has secured a contract worth RM224.8 million to develop a 38-storey business serviced apartment in Subang Jaya.

The project — in collaboration with the federal government, international semiconductor firms and venture capitalists — is a strategic move to position Malaysia as a potential powerhouse in the global IC design industry.