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Gadang sinks into the red in 3Q as construction and property divisions record lower revenue

Gadang sinks into the red in 3Q as construction and property divisions record lower revenue

news

Updated:
  • Gadang Holdings Bhd reported a net loss of RM10.38 million for 3QFY2026, down from a profit last year.
  • Revenue fell 33% to RM170.42 million due to lower progress in construction and development projects.
  • The company remains cautious amid geopolitical uncertainties and has not declared a dividend for the quarter.
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UOA Development terminates care services joint venture at Komune Living and Wellness Centre in Cheras

UOA Development terminates care services joint venture at Komune Living and Wellness Centre in Cheras

news

Updated:
  • UOA Development Bhd has terminated its shareholders' agreement with Care Concierge Care Centre.
  • The termination is due to differing business views, effective April 17.
  • Komune Care Centre Sdn Bhd will become a wholly-owned subsidiary of UOA Development via its two subsidiaries.
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Historic Mountbatten bungalow on Millionaires’ Row relisted at S$45m, 17% lower

Historic Mountbatten bungalow on Millionaires’ Row relisted at S$45m, 17% lower

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Updated:
  • A historic bungalow at 777 Mountbatten Road in Singapore is relisted for S$45 million, down 17.4%.
  • This conserved property, built in 1851, is the largest on "Millionaires' Row" and has a storied history.
  • The bungalow sits on a freehold site of 32,052 sq ft at the corner of Mountbatten Road and Crescent Road.
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BYD's Tanjong Malim investment to be discussed for best outcome, says Nga

BYD's Tanjong Malim investment to be discussed for best outcome, says Nga

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Updated:
  • BYD's potential investment in Perak will be discussed with Prime Minister Anwar Ibrahim for optimal outcomes.
  • This investment could boost Malaysia's EV industry, create jobs, and enhance the state's economy.
  • The state government is committed to facilitating BYD's plans.
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IOI Properties acquires Asia Square Tower 2 for S$2.476 bil, boosting Singapore AUM to S$10 bil

IOI Properties acquires Asia Square Tower 2 for S$2.476 bil, boosting Singapore AUM to S$10 bil

news

Updated:
  • IOI Properties will acquire Asia Square Tower 2 in Singapore for S$2.476 billion, enhancing its portfolio.
  • This acquisition increases IOIPG's assets in Singapore to S$10 billion, solidifying its position in the CBD.
  • The property, with a 95.8% occupancy rate, is expected to provide stable income.
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Reports on 127.3ha of Pulau Sebatik land being part of Indonesia inconsistent with official records — Arthur

Reports on 127.3ha of Pulau Sebatik land being part of Indonesia inconsistent with official records — Arthur

news

Updated:
  • Malaysia has rejected claims that 127.3 hectares of Pulau Sebatik land were ceded to Indonesia.
  • The correct agreement states that Malaysia lost 123 hectares but gained five, following a 2018 resolution.
  • Both countries will continue to resolve boundary issues through diplomacy and cooperation.
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Bathroom myth: What you don’t know about fires could kill you

Bathroom myth: What you don’t know about fires could kill you

news

Updated:
  • Federal Territories Minister Hannah Yeoh emphasises that bathrooms are not safe during fires.
  • Residential fires are the deadliest in Malaysia, with many victims succumbing to smoke inhalation.
  • A culture of safety is essential, involving preparation, management responsibility, and community awareness.
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What’s happening to KL’s older buildings?

What’s happening to KL’s older buildings?

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Updated:
  • Kuala Lumpur's skyline is rapidly evolving, with older buildings facing challenges in maintaining relevance.
  • Iconic structures are being repositioned or redeveloped to meet modern tenant expectations and market demands.
  • The focus is shifting towards unlocking land value and adapting older spaces for new uses.
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Exsim Hospitality unit bags RM138 mil nominated sub-contract for MEP, fit-out and building services works

Exsim Hospitality unit bags RM138 mil nominated sub-contract for MEP, fit-out and building services works

news

Updated:
  • Exsim Hospitality Bhd's subsidiary accepted a RM138 million sub-contract from Binastra Builders Sdn Bhd.
  • The works include mechanical, electrical, plumbing, and interior design services over 41 months.
  • This award is expected to positively impact EHB's financial metrics without needing shareholder approval.
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WTEC Group to acquire Semenyih detached factory for RM10.80 mil to consolidate manufacturing operations

WTEC Group to acquire Semenyih detached factory for RM10.80 mil to consolidate manufacturing operations

news

Updated:
  • WTEC Group Bhd's subsidiary plans to buy a factory in Semenyih for RM10.80 million cash.
  • The purchase is part of WTEC's expansion strategy to consolidate operations into one facility.
  • Funding will come from IPO proceeds and is not expected to impact earnings or require shareholder approval.
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Gadang sinks into the red in 3Q as construction and property divisions record lower revenue