News by theedgemalaysia.com

Mah Sing Group Bhd has named former navy chief Admiral (R) Tan Sri Abu Bakar Abdul Jamal as its chairman.

Glomac Bhd’s net profit fell 15.58% to RM13.92 million for its fourth quarter ended April 30, 2023 (4QFY2023), from RM16.49 million a year earlier, mainly due to higher expenses and finance costs.

Genting Malaysia Bhd (GenM) said the purported purchaser of its of its 15.5-acres of land in Miami has elected to end its current bid.

Coworking and flex space provider WORQ said its launch of WORQ Express at Alunan Resort in Pulau Perhentian, Terengganu, signifies its first step in countrywide expansion to provide workspaces and meeting facilities everywhere, including cities, suburbs and remote digital nomad hubs. 

Due to higher construction material prices, TCS Group Holdings Bhd has scrapped its plan to develop a condominium project, known as Arcadia, in Kuala Langat, Selangor.

Datuk Noorazman Abd Aziz is resigning from his post as chairman of UEM Sunrise Bhd from July 1, after he was redesignated to chairman of CTOS Digital Bhd on May 26.

Sunway Healthcare Group has unveiled its flagship senior living residence, Sunway Sanctuary in Bandar Sunway, Petaling Jaya, Selangor.

Scientex Bhd's net profit rose 24.28% to RM109.78 million for the third quarter ended April 30, 2023 (3QFY2023) from RM88.33 million a year earlier, carried by the group’s property development business’ higher progress billing and robust demand for new launches.

The deal announced by developer S P Setia Bhd on Monday (June 19) pertaining to the divestment of 500 acres of freehold land in Semenyih, Selangor to peer Mah Sing Group Bhd for RM392.04 million, has been viewed positively by analysts in general.

Ahmad Nazim, 47, is also the chief executive of LTAT, which controls over 97% of Boustead and is in the process of privatising the company.