News by M

GDB Holdings Bhd’s legal actions against Damai City Sdn Bhd (DCSB) and KSK Land Sdn Bhd over the 8 Conlay project disputes have been put back on hold for three months.

Kumpulan Kitacon Bhd has secured a contract to build 182 terrace houses in the Selangor Cyber Valley for RM65.43 million.

Aspen Group Holdings 1F3 - has reported earnings of RM94.6 million for the 1HFY2024 ended Dec 31, 2023, compared to its earnings of RM3.9 million for the corresponding period last year.

Ireka Corp Bhd said RHB Bank Bhd has filed a lawsuit against the company, claiming RM6.53 million over an alleged default in a revolving credit facility.

Noteworthy:

• Built-up size: 76,000 sq ft
• 10 bedrooms, 5 bathrooms
• Unfurnished
• Nearby amenities: Shops, factories, Setia Alam Wetland, residential areas, Shah Alam Community Forest trail
• Accessibility: West Coast Expressway, NKVE, Setia Alam Highway, Jalan Perindustrian Kapar-Meru

When: September 2023

“The company and EPF are evaluating various viable options together to implement the exit event or any alternative plan in the best interests of the parties.”

BAssets’s wholly owned unit BBright disposed an aggregate 19.16 million shares or a 0.33% stake in BCorp via direct business transactions over the past six months, for a total of RM5.59 million.

Tuju Setia Bhd, a construction group, has appointed Tee Huei Tsyr as its new chief executive officer and Seon Yen Kong as its new chief operating officer (COO).

The Ministry of Housing and Local Government (KPKT) has allocated RM500,000 for work to upgrade the famous Gerbang Malam market in Jalan Dato Tahwil Azar here.

The Shah Alam City Council dominated the Malaysian Low Carbon City Awards 2023 by securing the highest number of accolades. A total of 23 of its developments received the Diamond Recognition for its achievements in reducing carbon emissions.