Ecobuilt plans capital reduction and rights issue
Loss-making construction company Ecobuilt Holdings Bhd (KL:ECOHLDS) has proposed a share capital reduction to wipe out its accumulated losses, as well as a rights issue to raise fresh capital.
Taghill’s RM39m columbarium job mutually terminated
Taghill Holdings Bhd (KL:TAGHILL) said it is not proceeding with a RM38.88 million contract to build a 15-storey columbarium in the city centre due to escalating material costs.
TH Plantations’ unit sued for RM230m in native land dispute
TH Plantations Bhd’s (KL:THPLANT) said its 60%-owned unit TH Pelita Simunjan Sdn Bhd is being sued for RM230.25 million for allegedly trespassing on native land.
Ekovest extends unit merger talks with Knusford for six more months
Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) have agreed to have another six months to discuss a merger deal worth RM450 million.
Johor-S'pore Special Economic Zone faces challenges in manpower shortage, regulatory and logistical hurdles, says Maybank IB
Manpower shortages as well as regulatory and logistical hurdles will be among the challenges faced by the Johor-Singapore Special Economic Zone (JS-SEZ).
SCIB denies developer's allegations over debt repayment, demands debt settlement
Sarawak Consolidated Industries Bhd (KL:SCIB) has denied allegations by Awana JV Suria Saga Sdn Bhd (Awana), the developer of the previously scrapped RM162 million Perak housing project, regarding outstanding debts and demanded the latter to settle the debt promptly.
Symphony Life emerges as Vizione’s largest shareholder in RM12m deal
Property developer Symphony Life Bhd (KL:SYMLIFE) has emerged as the largest shareholder of Vizione Holdings Bhd (KL:VIZIONE) with a 25.88% stake, after subscribing to the entire private placement by Vizione.
No ‘significant financial impact’ expected from Majujaya suit, says Bina Puri
Bina Puri Holdings Bhd (KL:BPURI) said the company does not expect “any significant financial and operational impact” from the RM28.17 million lawsuit by Wisma Majujaya Sdn Bhd in relation to a joint venture agreement (JVA) to develop a project in Johor.
Crescendo sells third parcel to Microsoft for RM119.8 mil in Johor
Johor-based property developer Crescendo Corp Bhd (KL:CRESNDO) is selling a 22.55-acre piece of land in Pulai, Johor, to Microsoft for RM119.83 million, marking its third land deal since with the global tech giant.
YNH Property expects independent review of JV and turnkey contracts to be completed by Feb 15
YNH Property Bhd (KL:YNHPROP) announced on Monday that the independent review of its joint venture (JV) and turnkey contracts, conducted by Messrs UHY, is expected to be completed and issued by Feb 15, 2025.
