Cahya Mata Sarawak Bhd’s (KL:CMSB) net profit jumped 85.04% to RM65.8 million in the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM35.56 million a year ago, lifted by improved business segments and better other income.

Crowne Plaza Penang Straits City officially opened on Tuesday, marking the first completed phase of the Straits City waterfront master development in Butterworth, Penang.

Eco World Development Group Bhd (EcoWorld Malaysia) (KL:ECOWLD) has taken full control of a firm developing properties in Puncak Alam by acquiring the Employees Provident Fund's (EPF) 40% stake in the firm.

Noteworthy:

• Freehold
• Built-up size: 2,433 sq ft
• Floor level: high
• Fully furnished
• 4 bedrooms, 4 bathrooms
• Nearby amenities: KLCC Park, Pavilion Bukit Bintang, Plaza Low Yat, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang, schools
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH

When: August 2024

GDB said an adjudicator ruled that KSK Land’s unit Damai City Sdn Bhd (DCSB) has to pay GDB's unit Grand Dynamic Builders Sdn Bhd (GDBSB) a total of RM82.67 million, pursuant to GDB’s notice of adjudication on Oct 4, 2024.

He indicated that every unit in EdgeWood Residence has sufficient sunlight. 

Meanwhile, the final phase, Edelweiss Serviced Residences, SOFO and Shoppes, is provisionally GBI Silver-certified.

Both SMPP and GBG allege that the defendants caused them losses and damaged their reputations during the project's implementation.

This follows the sale of a 123.141-acre industrial land within Eco Business Park VI in Iskandar Malaysia to Microsoft for RM402.3 million for the latter's development and operation of a data centre in June last year.

The brothers, via private entity Enrich Signature Sdn Bhd, bought 10 million shares in KSSC last Friday (Feb 14) at 83 sen per share — a 10.7% premium over KSSC’s net tangible asset per share of 75 sen — for RM8.3 million.