News by theedgemalaysia.com

The High Court on Thursday dismissed 31 appeals by Projek Muara Sdn Bhd, the proprietor of Empire Remix, a mixed-use development in Subang Jaya, Selangor, to be struck out as a party in the claim filed by 31 purchasers, and ordered the case to proceed to full trial at the Sessions Court.

More China-based companies have expressed interest in being off-takers to set up manufacturing facilities within UEM Sunrise Bhd’s (KL:UEMS) Renewable Energy (RE) Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor.

The Selangor state government will exempt property developers from development charges for projects of several affordable housing schemes, including Rumah Idaman and Rumah Selangorku Harapan, effective January next year, according to Selangor state housing and culture exco Datuk Borhan Aman Shah.

Property developer Kuchai Development Bhd (KL:KUCHAI) has proposed a 20 sen per share dividend for the financial year ended June 30, 2024 (FY2024).

Property developer LBS Bina Group Bhd (KL:LBS) has awarded renewable energy company Solarvest Holdings Bhd (KL:SLVEST) a contract to build a 43-MWp solar farm in Senawang, Negeri Sembilan, valued at RM104 million.

Home furniture specialist Ecomate Holdings Bhd (KL:ECOMATE) has proposed to acquire a single-storey factory in Muar, Johor, along with machinery and components, from SWS Capital Bhd (KL:SWSCAP).

Construction firm Kumpulan Kitacon Bhd (KL:KITACON) on Wednesday said it has secured a contract worth RM64.05 million to undertake main building works for a proposed double-storey house in Shah Alam, Selangor.

“In Malaysia, about two-thirds of country's infrastructure right now is almost 15 to 20 years old and it does not meet the current building codes energy efficiency requirements or for that matter safety requirements."

Phase 1 of Ehsan Widuri comprises 242 serviced apartment units (Block A), seven office units, six shoplots, and 540 car park bays across seven floors.

Juwai IQI co-founder and group chief executive officer Kashif Ansari noted that the firm has revised the forecast for 1Q2025 in light of this better-than-expected performance.