Ekovest, Knusford shares decline after merger falls through
Shares of Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) slid on Tuesday after their proposed merger fell through following the third extended deadline.
Shares of Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) slid on Tuesday after their proposed merger fell through following the third extended deadline.
He said the matter had not crossed the stage where the matter needs to be heard before the Federal Court.
Under the agreement with FEC, JLand will explore mixed-use developments, including purpose-built student accommodation, in major Australian cities.
The project comprises two 46-storey towers and one 33-storey tower, with the first launch offering 862 units with selling prices starting from RM560,000.
“The company wishes to announce that the heads of the merger agreement has lapsed on July 27, 2025 [Sunday],”
The contract, initially awarded in October 2024, pertained to Phase 1B of Sabah’s Pan Borneo Highway,
The government will maintain the annual revenue threshold for the expanded sales and services tax (SST) on construction services at RM1.5 million, despite industry calls to raise it to RM3 million.
Ekovest Bhd (KL:EKOVEST) and its major shareholder Tan Sri Lim Kang Hoo have mutually agreed to an extension to Aug 29 to finalise the proposed RM1.15 billion acquisition of Credence Resources Sdn Bhd (CRSB).
Ecobuilt Holdings Bhd (KL:ECOHLDS) has secured a RM34.65 million contract to undertake the main building works for a high-rise serviced apartment project in Shah Alam, Selangor.
Majestic Gen has unveiled Majestic Aman, a freehold residential and commercial development comprising 73 double-storey terrace homes and 23 shop offices in Taman Sungai Dua Utama on Penang's mainland.