News by Justin Lim

Property developer Asian Pac Holdings Bhd (KL:ASIANPAC) said its chief executive officer Chai Yee Choong has resigned effective Monday (Dec 1) “to pursue other opportunities".

Ho Hup Construction Company Bhd’s (KL:HOHUP) shareholders have rejected the re-election of the founding family’s last board member Datin Chan Bee Leng and blocked RM500,000 in directors’ fees at Monday’s annual general meeting.

Kerjaya Prospek Group Bhd (KL:KERJAYA) on Wednesday reported a 24% rise in third-quarter net profit, as revenue improved on increased progress of construction work activities.

WCT Holdings Bhd (KL:WCT)’s net profit nosedived 93.91% year-on-year in the third quarter, mainly due to lower other income and reduced contributions from joint ventures (JVs).

Land & General Bhd (KL:L&G) reported a more than six-fold rise in quarterly net profit on Friday, on higher contributions from its property and education segments, as well as a higher share of results of joint ventures.

KLCCP Stapled Group (KL:KLCC) on Thursday reported a marginal rise in net profit for the third quarter, supported by a higher contribution from its management services segment.

Shareholders of Sunway Construction Group Bhd (KL:SUNCON) are set for a cash windfall as the group declared its maiden special dividend of 23 sen per share—payable on Jan 8, 2026—since its listing.

Paramount Corp Bhd (KL:PARAMON) posted a 52.65% year-on-year (y-o-y) jump in net profit for 3QFY2025, driven by the redemption of the remaining outstanding perpetual securities.

Pavilion Real Estate Investment Trust's (KL:PAVREIT) net property income (NPI) rose 10% to RM145.49 million for the third quarter ended Sept 30, 2025 (3QFY2025) from RM131.86 million a year earlier, driven by its newly acquired assets—Banyan Tree Kuala Lumpur and Pavilion Hotel Kuala Lumpur.

Practice Note 17 (PN17) company Meridian Bhd (KL:MERIDIAN) said it has obtained a further extension of time from Bursa Malaysia Securities to submit its regularisation plan.