News by John Lai

GDB Holdings Bhd (KL:GDB) said its wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd has obtained a favourable High Court judgment against KSK Land Sdn Bhd, which is in liquidation, to recover amounts owed for works on the 8 Conlay project.

Iskandar Waterfront City Bhd (KL:IWCITY) is disposing of a parcel of vacant land measuring 16.43 acres in Plentong, Johor Bahru, for RM71.55 million.

Non-executive chairman Datuk Seri Chia Lui Meng, who served for more than eight years, has resigned citing personal commitments.

WCT Holdings Bhd (KL:WCT) has proposed a sukuk wakalah programme of up to RM5 billion to fund working capital and refinancing of borrowings.

Haily Group Bhd (KL:HAILY) has secured a RM48.21 million contract to build double-storey houses in Taman Impian Emas, Skudai, Johor.

AME Elite Consortium Bhd (KL:AME) has secured a RM214.1 million contract from KLIA Aeropolis Sdn Bhd, a subsidiary of Malaysia Airports Holdings Bhd, to build the first phase of a specialised test cell facility in Sepang.

Koon has also established scholarships and contributed generously to universities, including RM1 million annual student grant to Universiti Tunku Abdul Rahman, driven by his belief that education was the key to uplifting society.

Sentoria Group Bhd (KL:SNTORIA), a Practice Note 17 (PN17) company, said its co-founder Datuk Gan Kim Leong has ceased to be a substantial shareholder after disposing of his indirect stake in the group’s holding company, Sentoria Capital Sdn Bhd.

EcoFirst Consolidated Bhd (KL:ECOFIRS) said it is acquiring two freehold land parcels in Penang island for RM45 million as part of its plan to strengthen its development pipeline and diversify earnings beyond the Klang Valley.

Lim Seong Hai Capital Bhd (KL:LSH) plans to seek shareholders’ approval to partner with executive vice-chairman Datuk Lim Keng Guan’s Besteel Engtech Sdn Bhd and inject RM484.8 million for the Morib rejuvenation project, covering the renovation of the Sri Morib Golf Club and development of a 150-acre land nearby for residential and commercial use.