News by John Lai

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.

SkyWorld Development Bhd (KL:SKYWLD) is acquiring a freehold plot in Mont’Kiara measuring 3.032 acres for RM110 million, to develop high-end residential properties.