Ewein buys 3.9ha land in Seberang Perai for RM39.8m
The property developer is buying the land through its indirect wholly-owned subsidiary SkyDorm Sdn Bhd, which is principally involved in construction and letting of industrial properties.
MBSB to dispose of non-financial units, non-performing conventional loans to SPV
MBSB said five of its companies in the property development business will be transferred to a corporate share trustee, while disposal of the loans shall be settled in cash and on a deferred basis.
UEM Sunrise shares hit four-year high in active trading
Shares in UEM Sunrise Bhd rose as much as 13.5 sen or 18.49% in active trade on Monday, pushing the counter to a four-year high of 86.5 sen.
Rapid Synergy sells properties in Perak for RM7 mil gain
Precision tool-making company Rapid Synergy Bhd has disposed of 6,653/10,000 undivided share of a parcel of land in Manjung, Perak, measuring 303,487 sq ft, to Yokado Sdn Bhd for RM22.89 million cash.
UEM Sunrise: Land deal with Melati Ehsan beneficial as we can monetise asset while keeping control of development rights
UEM Sunrise Bhd, which is selling a 4.01-acre plot in Kiara Bay here to Melati Ehsan Holdings Bhd in a related-party-transaction (RPT), said the deal enables the group to monetise the land at its current market value while allowing it to retain control over the land's development via a development rights agreement (DRA) it has also inked with Melati Ehsan.
Tropicana completes RM2.5m renewal of R&R centre in Langkawi
Tropicana Corp Bhd, in a collaboration with the Langkawi Municipal Council Tourism City, has completed the RM2.5 million renewal of the 0.49-acre Pantai Kok rest and recreation (R&R) centre in Langkawi.
CIDB leads delegation of 21 Malaysian companies at Construction Indonesia 2023
The Construction Industry Development Board Malaysia (CIDB) is leading a delegation of 21 Malaysian construction players to explore business opportunities in Indonesia, according to the government agency's press release dated Sept 13.
Kenanga keeps ‘overweight’ call on building material sector after 2Q2023 results
Kenanga Research kept its “overweight” call on the building material sector after industry players logged slightly improved earnings for the second quarter of 2023 (2QCY2023).
Teo Seng Kian appointed as Ecofirst exec director, ceases to be alternate director
Ecofirst Consolidated Bhd announced Datuk Teoh Seng Kian as its executive director and said he has ceased to be its alternate director, effective today (Sept 14).
Axbena withdraws RM28 mil suit against Bintai Kinden’s unit after settlement
Axbena Sdn Bhd has decided to drop the RM27.7 million lawsuit against Johnson Medical International Sdn Bhd (JMI), an indirect subsidiary of Bintai Kinden Corp Bhd, after the parties involved reached an amicable settlement resulting in the resolution of the dispute.
