News by theedgemalaysia.com

The construction sector is likely to be less impacted by the US tariffs due to its focus on the domestic market, but industrial job flows may slow temporarily as companies adjust their strategies, analysts said.

Ho Hup Construction Co Bhd (KL:HOHUP) said its subsidiary has been ordered to pay a contractor RM7.37 million in an adjudication decision involving a dispute over payment claims.

Property developer Radium Development Bhd (KL:RADIUM) has announced its entry into the healthcare sector with plans to operate a 140-bed hospital in Melaka.

Residents of Karpal Singh Drive in Georgetown, Penang, have called on the state government to halt a proposed 70-acre coastal reclamation project, part of the Jelutong landfill rehabilitation, citing concerns over its impact on marine ecosystems, particularly the Middle Bank.

Loss-making Iskandar Waterfront City Bhd (KL:IWCITY) said it has been given a six-month extension until Sept 23 to submit its regularisation plan.

Ho Hup Construction Company Bhd (KL:HOHUP) on Thursday said its subsidiary, Ho Hup Jaya Sdn Bhd, is offloading two floors in Ho Hup Tower to its substantial shareholder Insas Bhd, for RM13 million, with the proceeds to be used to repay borrowings and for general working capital.

Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a contract worth RM264.07 million for the construction of serviced apartments in Cheras, Selangor.

YNH Property Bhd (KL:YNHPROP) said the independent review of its joint venture (JV) and turnkey contracts is now expected to be ready by April 9.

Kuala Lumpur Tower concessionaire Lim Seong Hai Capital Bhd (KL:LSH) said its unit LSH Service Master Sdn Bhd (LSHSM) has on Tuesday officially assumed the operation, management, and maintenance of the city’s landmark, which it said remains fully owned by the Malaysian government.

Kerjaya Prospek Property Bhd (KL:KPPROP) has proposed a rights issue of shares and redeemable convertible unsecured loan stocks (RCULS) to raise up to RM147.18 million, mainly to fund property development projects and repay loans.