News by theedgemalaysia.com

Sentoria Group Bhd (KL:SNTORIA) has confirmed on Wednesday the departure of its chief executive officer Datuk Loh Yuen Tuck from the company via a bourse filing. It also maintains that it does not accept Loh's constructive dismissal claim, saying it was Loh who repudiated his own service contract.

IOI Properties Group Bhd (KL:IOIPG) said on Wednesday its net profit jumped more than five times in the fourth quarter from a year earlier thanks largely to a revaluation gain.

AME Elite Consortium Bhd's (KL:AME) net profit for its first quarter ended June 30, 2024 (1QFY2025) dropped 36.7% to RM14.72 million from RM23.27 million a year earlier, due to lower contributions from property development and construction services, as well as share of loss from joint ventures.

Bina Darulaman Bhd (KL:BDB), Kedah state government’s investment holding company, said it is facing a lawsuit over alleged trespassing of stray golf balls into a private property in the state.

Axis Real Estate Investment Trust (Axis REIT) (KL: AXREIT), which mainly focuses on industrial assets, has proposed to acquire two adjoining pieces of land together with buildings near Port Klang for RM158.64 million.

Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa on Wednesday confirmed that the government has temporarily halted new construction approvals in Kuala Lumpur following recent sinkhole incidents in the capital city.

Property developer Avaland Bhd (KL:AVALAND) reported a near doubling of its net profit for its second quarter ended June 30, 2024 (2QFY2024), thanks to better work progress and higher take-up rates.

K.T.I. Sdn Bhd, a wholly owned subsidiary of KTI Landmark Bhd (KL:KTI), has appointed Knight Frank Property Management Sdn Bhd (KFPM) as the property management firm for its mixed-development project called The Logg in Kota Kinabalu, Sabah.

Planning permission applications for the construction of buildings in Kuala Lumpur will no longer be considered without a geotechnical study prepared by certified engineers, under a new directive issued by Kuala Lumpur City Hall (DBKL).

Construction firm Kerjaya Prospek Group Bhd, which posted a 15.83% increase in net profit to RM70.64 million in the first half of this year (1HFY2024), is anticipating stronger construction activities in the second half of the year that will further drive its growth.