News by Luqman Amin

Plenitude Bhd (KL:PLENITU) has appointed chief financial officer (CFO) Ang Kooi Yong as its new chief executive officer, effective immediately.

On Sept 27, Edxus Solutions acquired 95 million shares or a 23.91% stake in Magna Prima via a direct business transaction, its filings with the stock exchange showed. However, the acquisition price was not disclosed. 

The project is expected to span over 22 months.

It involves building and related infrastructure works for 561 units of affordable housing as part of the Setia Bayuemas project in Klang, Selangor.

The recently announced incentives are expected to attract international capital to Forest City’s special financial zone (SFZ) and Johor, which is considered the country's new main growth engine, said Prime Minister Datuk Seri Anwar Ibrahim.

The Johor state government is in the midst of finalising a local transport network designed to complement the Johor Bahru-Singapore Rapid Transit System (RTS) Link.

Integrated construction and property company PTT Synergy Bhd (KL:PTT) has acquired a semi-detached factory, together with a piece of land, in Sepang from Sime Darby Property Bhd (KL:SIMEPROP) for RM11 million.

Kimlun Corp Bhd (KL:KIMLUN) has secured a RM128.13 million contract to build a residential development in Johor Bahru, the fifth contract win it has announced this year.

Of this total, 306.07MW, or 87.45%, has been approved for projects. 

Kerjaya Prospek Group Bhd (KL:KERJAYA) said on Wednesday it had secured a RM292.8 million contract for building works in Kuala Lumpur.