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.
Construction company Binastra Corp Bhd (KL:BNASTRA) reported a 63.2% year-on-year jump in its fourth quarter net profit, as revenue surged 73.9% on higher construction activities and the commencement of 12 new projects during the financial year. The group also declared its first dividend in seven years.
Oil and services firm KNM Group Bhd (KL:KNM), whose share price has been trading at its lowest over the last two weeks, said its indirect wholly-owned subsidiary is being sued by MBSB Bank Bhd for allegedly defaulting on a RM116.13 million Islamic financing facility.
UK-based investment company Aberdeen Group plc, formerly known as Abrdn plc, has become a substantial shareholder in Eastern & Oriental Bhd (KL:E&O) after increasing its stake to 5.047%, representing 125.66 million shares.
The stock began slipping thereon, hitting 23.5 sen at 9.10am after more than 11 million shares changed hands.
The properties are located in AME Elite’s industrial parks — one of them in i-Park @ Senai Airport City (priced at RM39.3 million) and the other two in i-TechValley at Southern Industrial Logistic Clusters (RM30.8 million each).
Total office space stock in the Klang Valley expanded further to 121.7 million sq ft in the fourth quarter of 2024 (4Q2024), up from 121 million sq ft as at the end of 2Q2024.
Following the acquisition, Cyberview now controls 67 acres of freehold land — the largest landbank within the Cyberjaya City Centre.
The contract is expected to be completed within 10 months.
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