News by John Lai

A group of Kumpulan Jetson Bhd’s (KL:JETSON) minority shareholders, who were blocked from holding an extraordinary general meeting (EGM) to remove the entire board, have asked the court to compel the company to give them access to its shareholder records so they can hold the meeting.

Paradigm Real Estate Investment Trust (KL:PARADIGM) on Thursday set the final price for its initial share sale at RM1 apiece as previously indicated amid subdued demand from some investors.

Eastern & Oriental Bhd (KL:E&O) nearly doubled its net profit for the fourth quarter ended March 31, 2025 (4QFY2025), on profits from its joint ventures, a tax gain and lower finance costs.

Builder Mitrajaya Holdings Bhd's (KL:MITRA) wholly owned subsidiary Pembinaan Mitrajaya Sdn Bhd has bagged a RM70 million contract to construct an eight-storey serviced apartment, which will be used as training centre and staff recreational facilities, in Langkawi, Kedah.

Cahya Mata Sarawak Bhd’s (KL:CMSB) net profit fell 33.8% to RM25.34 million in its first quarter ended March 31, 2025 (1QFY2025) compared to RM38.25 million a year ago, dragged by unfavourable foreign exchange (forex), and lower contribution from associates and joint ventures.

Gamuda Bhd (KL:GAMUDA) said on Friday it is buying three plots of land measuring 336 acres combined for RM248.7 million near its current project in Selangor.

Sentoria Group Bhd (KL:SNTORIA) said its external auditor Messrs Kreston John & Gan had expressed a disclaimer of opinion on the group's audited financial statements for the 15-month period ended Dec 31, 2024, due to insufficient audit evidence.

The concession agreement for the Kampung Baru Link, meanwhile, is being finalised with a deadline by Dec 31, 2026.

MGB Bhd proposes to settle RM7.23 million with joint venture partner Aset AZG Sdn Bhd (AASB) to kick start a serviced apartment project in Cameron Highlands which has been on the back burner for six years.

Hextar Technologies Solutions Bhd (KL:HEXTECH) said the group is selling a three-acre industrial land together with a warehouse and office building in Pasir Gudang, Johor, for RM16 million.