News by theedgemalaysia.com

The contract will commence on Feb 12, 2025, and span over 36 months, AZRB said.

Wisma Majujaya Sdn Bhd has obtained a summary judgement from the High Court on Monday over its RM28.1 million suit filed against Bina Puri Holdings Bhd (KL:BPURI), its subsidiary Bina Puri Properties Sdn Bhd, and its director Tan Sri Tee Hock Seng.

Miclebina Group of Companies has launched Santorini@Botani Ipoh (Pangsapuri Rafflesia), a Santorini-inspired residential project in Bandar Botani, Ipoh, under the Perakku Home Ownership Scheme.

AwanBiru Technology Bhd (KL:AWANTEC) is disposing of an eight-storey office and retail building in Cyberjaya to tenant Puncak Hartanah Intelek Sdn Bhd for RM25 million.

Compugates Holdings Bhd (KL:COMPUGT) said it has teamed up with a property developer to undertake a mixed-use development on a 14.5-hectare land in Cyberjaya with an estimated gross development value (GDV) of RM1.36 billion.

DXN Holdings Bhd (KL:DXN) said it is terminating its plan to develop a medicine facility and a wellness centre due to a lack of progress and failure to achieve the expected benefits.

Citaglobal Bhd (KL:CITAGLB) signed a deal on Friday to buy a 1.58-acre land at Jalan Tun Razak from Bank Islam Malaysia Bhd (KL:BIMB), for RM73 million.

Construction player and property developer Vizione Holdings Bhd (KL:VIZIONE) slipped into the red with a net loss of RM79.68 million for the second quarter ended Nov 30, 2024 (2QFY2025), reversing from a net profit of RM213,000 a year ago.

MIDF Research has raised concern over the sharp selloff in Malaysian construction stocks, suggesting that market reaction may be overdone. 

Lebtech Bhd (KL:LEBTECH) has secured a RM21 million contract to develop 104 units of two-storey terraced houses in Seksyen U13, Shah Alam.