Shares of Lim Seong Hai Capital Bhd (KL:LSH) fell 17% on its first-ever trades on the ACE Market after the construction firm raised RM168.08 million as part of its transfer from the LEAP Market.

Property developer Lagenda Properties Bhd (KL:LAGENDA) is acquiring six parcels of freehold land in Senawang, Negeri Sembilan, measuring 138.17 acres, for RM60.2 million.

Eco World Development Group Bhd (KL:ECOWLD) posted a 15.4% year-on-year (y-o-y) increase in net profit for the first quarter ended Jan 31, 2025 (1QFY2025) to RM80.34 million, driven by two major industrial land sales and stronger contributions from its projects in Johor.

Cahya Mata Sarawak Bhd (KL:CMSB) has initiated legal action against its deputy chairman Datuk Seri Mahmud Abu Bekir Taib over alleged breaches of trust and fiduciary duties in relation to a failed enterprise resource planning (ERP) system under the company’s digital transformation project.

Iskandar Waterfront City Bhd (KL:IWCITY) has proposed a regularisation plan involving the issuance of new shares to settle outstanding debts, a private placement and a capital reduction in order to exit its affected listed issuer status.

Hextar Technologies Solutions Bhd (HexTech) seeks to democratise business services and financial management with the launch of MoneyX Biz, a web-based digital platform which will focus on business-to-business (B2B) services.

Due to land scarcity in Kuala Lumpur, the city has increasingly been built vertically. Besides commercial buildings, residential high-rises of all shapes, sizes and attributes compete to offer the best values in the market.

IOI Properties Group Bhd (KL:IOIPG) officially unveiled its latest commercial development, named Bangi Fresco, at its 360-acre Bandar Puteri Bangi township in Bangi, Selangor, on Thursday.

To ensure full transparency in the renewal of urban strata developments, the tender process will be jointly overseen by the Housing and Local Government Ministry (KPKT) together with the respective joint management bodies (JMBs) or management committees (MCs), said KPKT Minister Nga Kor Ming.

Malaysian property developers are optimistic that demand will pick up in the second half of the year, while staying cautious about rising costs of doing business ahead, according to an industry survey.