Sunsuria 1Q profit slips amid lower progressive property recognition

Sunsuria 1Q profit slips amid lower progressive property recognition

news

Updated:
  • Sunsuria Bhd reported a significant drop in 1Q net profit to RM1.69 million from RM8.87 million.
  • Revenue also fell to RM118.04 million, impacted by lower profit recognition from completed projects.
  • The group is expanding with a new residential project valued at RM492 million, set to launch in 3Q2026.
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High Court orders KSK Land to pay RM102m to GDB unit over 8 Conlay works

High Court orders KSK Land to pay RM102m to GDB unit over 8 Conlay works

news

Updated:
  • GDB Holdings' subsidiary won a High Court judgment for RM102.08 million against KSK Land in liquidation.
  • The dispute arose from late payments on a RM1.25 billion contract for the 8 Conlay project.
  • GDB's shares fell 1.3% to 38.5 sen, despite an 8.5% increase over the past year.
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Oriental Kopi firms up deal to buy head office for RM23m

Oriental Kopi firms up deal to buy head office for RM23m

news

Updated:
  • Oriental Kopi Holdings Bhd will acquire its Puchong office and warehouse for RM23 million in cash.
  • The deal, formalised with Icon Facade Sdn Bhd, aims to save costs by eliminating rental expenses.
  • Icon Facade is owned by Heng Ngeng Choo and Siau Fui Chen.
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Melati Ehsan brings in hétam and Anytime Fitness to Khaya Residences

Melati Ehsan brings in hétam and Anytime Fitness to Khaya Residences

news

Updated:
  • Melati Ehsan Group has partnered with café hétam and Anytime Fitness for Khaya Residences in Bangsar.
  • The 53-storey tower features 795 units and over 50 facilities, promoting a connected community.
  • Market response is strong, with 60% of buyers planning to live there, indicating high rental demand.
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Over 9,000 complete BIM training to boost construction digitalisation, says Nanta

Over 9,000 complete BIM training to boost construction digitalisation, says Nanta

news

Updated:
  • Over 9,375 participants have completed BIM training to support Malaysia's construction digitalisation.
  • The govt allocated RM430 billion for development, emphasising modern technologies like BIM for efficiency.
  • Collaboration among government, agencies, and industry is crucial for transforming the construction sector.
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Malaysia, Singapore to finalise RTS Link border laws by June 30—deputy minister

Malaysia, Singapore to finalise RTS Link border laws by June 30—deputy minister

news

Updated:
  • Malaysia and Singapore will finalise laws for the RTS Link by June 30.
  • The legislation aims for full enforcement by September 30.
  • The bill will ensure national sovereignty and protect Malaysian officers in Singapore.
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MRMA urges continuation of REIT tax framework to sustain sector growth

MRMA urges continuation of REIT tax framework to sustain sector growth

news

Updated:
  • The Malaysian REIT Managers Association urges the government to maintain the withholding tax framework.
  • They argue it supports a RM60 billion industry and enhances Malaysia's investment appeal.
  • The association also offered to provide relevant data or analysis to assist a review of the framework.
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MACC chief says in midst of exchanging info with UK SFO over IJM’s RM2.5b overseas investments

MACC chief says in midst of exchanging info with UK SFO over IJM’s RM2.5b overseas investments

news

Updated:
  • The Malaysian Anti-Corruption Commission is investigating IJM Corp Bhd with the UK's Serious Fraud Office.
  • They are gathering information on financial transactions and investments totaling RM2.5 billion.
  • The investigation may take time as they await the UK authorities' findings on potential violations.
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PN17 TXCD gets RM119.1 mil in construction subcontracts from Vestland

PN17 TXCD gets RM119.1 mil in construction subcontracts from Vestland

news

Updated:
  • TXCD Bhd secured RM119.14 million in subcontracts for construction work in Kuala Lumpur.
  • The projects include a RM63.79 million job on Lorong Raja Uda 2 and a RM55.35 million job on Jalan Ampang.
  • TXCD, classified as PN17, has a market cap of RM57.9 million, with shares unchanged at 10 sen.
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Country Heights, eyeing action against liquidator, says EGM postponed to review circular, address regulatory clarification

Country Heights, eyeing action against liquidator, says EGM postponed to review circular, address regulatory clarification

news

Updated:
  • CHHB has postponed its EGM to review shareholder feedback on legal action against MWBP's liquidator.
  • The meeting will now include new regulatory information and address concerns about Baker Tilly's conduct.
  • Seeking shareholder approval for legal measures and a lease agreement with founder Tan Sri Lee Kim Yew.
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Sunsuria 1Q profit slips amid lower progressive property recognition