News by Myia S Nair

UDA Holdings Bhd has appointed real estate veteran Johari Shukri Jamil as its new president and chief executive officer effective immediately.

Vizione Holdings Bhd (KL:VIZIONE) said on Wednesday that a RM750 million construction contract awarded by a related party has been terminated, effective immediately. 

Continental will shutter its tyre plant in Alor Setar, Kedah, by the end of 2025, ending 46 years of operations. The plant has 950 employees.

Kuala Lumpur Tower will reopen on Saturday, April 26, under new management, with ticket prices rising for international visitors and dropping by nearly 30% for locals at the Sky Deck.

Maybank Investment Bank, CGS International and AmInvestment Bank will jointly underwrite the entire retail portion of Paradigm Real Estate Investment Trust’s (REIT) initial public offering, covering up to 254.66 million units as it prepares to list on the Main Market.

Castaldi joined Sunway in 2017 as general manager of The Banjaran Hotsprings Retreat.

The job could produce about RM29 million net profit over the next three years based on its usual margins, analysts said.

Construction group Southern Score Builders Bhd (KL:SSB8) is eyeing a transfer of listing from the ACE Market to the Main Market of Bursa Malaysia.

Nestcon Builders Sdn Bhd, a wholly-owned subsidiary of construction outfit Nestcon Bhd (KL:NESTCON), has secured a construction contract worth RM228.30 million from Paramount Property (Cityview) Sdn Bhd. 

Property developer Malton Bhd (KL:MALTON) entered into a memorandum of understanding (MOU) with Shenzhen Apexls Optoelectronic Co Ltd, a China-based manufacturer of LED displays, to incorporate advanced LED technology into its Malaysian property developments.