YNH Property Bhd (KL:YNHPROP) announced a board shake-up on Wednesday, after the group’s largest shareholder Datuk Dr Yu Kuan Chon’s son failed to get re-elected at its annual general meeting (AGM) on Wednesday.
TSR Capital Bhd (KL:TSRCAP) has secured a RM48 million contract from Sime Darby Property (Bukit Raja) Sdn Bhd to undertake infrastructure works at the Bandar Bukit Raja township development in Selangor.
Prestar Resources Bhd (KL:PRESTAR) said it is buying an industrial property in Serendah Technology Park for RM17 million from Landmark Concord Resorts Sdn Bhd, a company linked to its group managing director Datuk Toh Yew Peng.
Paramount Corporation Bhd (KL:PARAMON) has announced the acquisition of 48.49 acres of leasehold land in Section U9, Shah Alam, Selangor for RM113.5 million.
Sime Darby Property Bhd (KL:SIMEPROP) has partnered with MINI Malaysia to launch a festive charity initiative at Elmina Lakeside Mall, aimed at fulfilling the holiday wishes of 120 underprivileged children from Rumah Kasih Harmoni Paya Jaras.
Scientex Bhd (KL:SCIENTX) saw its earnings grow 11% in the recently-ended quarter from a year earlier thanks to cost-cutting efforts and sales of higher-margin products.
Plastic manufacturer and property developer Scientex Bhd (KL:SCIENTX) is looking to expand its affordable housing footprint into East Malaysia, particularly Sarawak.
Gamuda Bhd (KL:GAMUDA) said on Wednesday its joint venture has secured a construction contract worth close to RM2.7 billion in Australia.
The development is predicted to generate more than RM9 billion in economic growth and create up to 60,000 jobs persistently.
"Looking ahead, we expect sector earnings to be underpinned by company-specific strategies such as asset injections, tenant remixing, and improving occupancies."
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