News by Syafiqah Salim

Matang Bhd is buying property assets from Star Media Group Bhd for RM33 million as part of its plan to diversify its business into property investment.

Bina Darulaman Bhd, through its unit BDB Infra Sdn Bhd, has been awarded a RM34.08 million contract by the Ministry of Agriculture and Food Security to develop a tertiary irrigation system in Kedah and Perlis.

Penang-based property developer Ivory Properties Group Bhd has appointed Messrs UHY as the company’s new auditor following the resignation of Messrs KPMG PLT.

Crescendo Corp Bhd (CCB) is buying three plots of land measuring 109.855 acres in Kota Tinggi, Johor, to expand its landbank.

Former Armed Forces Fund Board (LTAT) chairman Tan Sri Mohd Anwar Mohd Nor has been appointed chairman of Country Heights Holdings Bhd with immediate effect, succeeding tycoon Tan Sri Lee Kim Yew.

The expected date for the Practice Note 17 (PN17) company to submit its FY2022 annual report was Oct 31, 2022, but it was postponed twice to Nov 30 and later to Dec 30.

KLCCP Stapled Group Bhd has recorded a near four-fold rise in net profit to RM279.47 million for the fourth quarter ended Dec 31, 2022 (4QFY2022), from RM70.33 million a year earlier, boosted by strong recovery in the retail and hotel segments.

Mohamad Noor, 77, resigned due to personal reasons. 

Quarterly revenue increased by 18.34% to RM186.73 million compared to RM157.8 million.

The property developer has been loss-making since 1QFY2022.