News by theedgemalaysia.com

NCT Group via its subsidiary NCT Smart Management Sdn Bhd has signed five memoranda of understanding (MOUs) with five different companies worth RM25 million to enhance its NCT Smart Industrial Park (NSIP) in Sepang.

Majestic Gen Sdn Bhd (formerly known as Majestic Builders of the Majestic Group) conducted a topping-out ceremony for Majestic Residence last Friday.

Titijaya Land Bhd (KL:TITIJYA) unveiled its latest serviced apartment development called The Ria last Saturday (July 27), according to a press statement on Sunday.

US data centre company Equinix Inc announced on Monday, a RM23 million investment to acquire land in Cyberjaya, Selangor, to expand its data centre capacity.

Property developer Ecofirst Consolidated Bhd (KL:ECOFIRS) said on Monday its net profit for the fourth quarter more than doubled from a year earlier thanks to higher sales conversion rate for the KL-48 project.

While the Federal Court last Friday (July 26) provided some clarity on the landmark Ang Ming Lee decision made in 2019 by ruling that it is only applicable prospectively, a lawyer has posed some queries on the limitation of filing a claim within six years and the rights of homebuyers.

Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

The Federal Court’s latest ruling on Friday, that the Ang Ming Lee decision should be applied prospectively, is fair and balanced, said senior lawyer Leonard Yeoh, who is familiar with matters related to housing and developers.

On Nov 26, 2019, the Federal Court, which is Malaysia’s apex court, delivered a judgement to declare Regulation 11(3) of the Housing Development (Control and Licensing) Regulations 1989 as void in Ang Ming Lee & Ors vs Menteri Kesejahteraan Bandar, Perumahan dan Kerajaan Tempatan & Anor and other appeals (AML).