News by theedgemalaysia.com

Chin Hin Group Bhd (KL:CHINHIN) saw its first-quarter net profit double, mainly on contributions from kitchen and wardrobe maker Signature International Bhd (KL:SIGN) and a turnaround in its loss-making property development segment.

Amanahraya Real Estate Investment Trust (AmanahRaya REIT) (KL:ARREIT) is acquiring an industrial building, measuring 132,700 sq ft, in Telok Panglima Garang, Selangor for RM39 million.

Construction outfit Vestland Bhd (KL:VLB) on Thursday secured a RM156.91 million contract to undertake the construction of a 51-storey serviced apartment block in Kuala Lumpur.

The Attorney General’s Chambers (AGC) told the High Court it wants to be heard in a contempt case filed by former KL Tower operator Hydroshoppe Sdn Bhd and Menara Kuala Lumpur Sdn Bhd against government officials and the new KL Tower operators.

Berjaya Land Bhd (KL:BJLAND) swung to a quarterly net loss of RM56.19 million for its third quarter ended March 31, 2025 (3QFY2025), from a net profit of RM29.33 million a year earlier when there was a one-off gain from equity disposal.

IOI Properties Group Bhd’s (KL:IOIPG) net profit fell 65.42% in the third quarter from a year earlier, due to higher interest expense.

Oriental Holdings Bhd (KL:ORIENT) has reported a 71.56% year-on-year (y-o-y) decline in net profit for the first quarter due to reduced operating profit across its business segments except healthcare.

Property developer Yong Tai Bhd (KL:YONGTAI) is seeking to overturn the RM75.46 million adjudication ruling in favour of Kerjaya Prospek Group Bhd’s (KL:KERJAYA) unit, as it claims that the case falls outside the scope of the Construction Act.

Eastern & Oriental Bhd (KL:E&O) said it is "not in a hurry" to sell its properties in the UK, as it keeps the doors open to potential suitors to monetise the non-core assets.

Paradigm Real Estate Investment Trust (KL:PARADIGM) on Thursday set the final price for its initial share sale at RM1 apiece as previously indicated amid subdued demand from some investors.