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MRCB profit holds steady at RM73.2m PBT as new project wins offset 27% revenue drop from LRT3 taper

MRCB profit holds steady at RM73.2m PBT as new project wins offset 27% revenue drop from LRT3 taper

news

Updated:
  • MRCB reported a revenue of RM1.20 billion for FY2025, down 27% from the previous year due to project completions.
  • The Engineering division led with RM944.8 million in revenue, while property sales rose 11% to RM927.4 million, driven by Australian developments.
  • MRCB plans RM2.2 billion in domestic launches for 2026, expecting revenue normalisation by 2027.
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Lawsuit against astronaut Sheikh Muszaphar over alleged water leakage at villa to go for full hearing

Lawsuit against astronaut Sheikh Muszaphar over alleged water leakage at villa to go for full hearing

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Updated:
  • A court ruled a lawsuit against astronaut Datuk Dr Sheikh Muszaphar Shukor and his wife must go to full trial.
  • Neighbours allege water seepage from the couple's unit caused damages.
  • The case requires oral testimony, not just affidavits, due to factual disputes.
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Bursa publicly reprimands Meridian, executive director for annual reports delay

Bursa publicly reprimands Meridian, executive director for annual reports delay

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Updated:
  • Bursa Malaysia reprimanded Meridian Bhd and director Tang Boon Koon.
  • They failed to submit annual reports on time, incurring a fine.
  • Tang must attend compliance training.
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Malton says no material progress on EV motorcycle collaboration with China's BENLG

Malton says no material progress on EV motorcycle collaboration with China's BENLG

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Updated:
  • Malton Bhd's EV motorcycle collaboration with China's BENLG shows no material progress.
  • The MoU, signed in January, aimed to explore the Malaysian EV market.
  • This non-binding agreement has no immediate financial impact on Malton.
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Aneka Jaringan completes RM1.02 mil acquisition of 51% stake in P3 International

Aneka Jaringan completes RM1.02 mil acquisition of 51% stake in P3 International

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Updated:
  • Aneka Jaringan acquired 51% of P3 International for RM1.02 mil cash.
  • This expands their reach into Taiwan's construction sector.
  • A profit guarantee ensures future financial performance.
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298-unit condominium proposed for redevelopment site on Jalan Scotland, George Town, Penang

298-unit condominium proposed for redevelopment site on Jalan Scotland, George Town, Penang

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Updated:
  • A 35-story condo with 298 units is proposed on Jalan Scotland, Penang.
  • The plan involves demolishing two houses for this high-rise development.
  • The application is awaiting approval from the Penang Island City Council.
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PRG’s major shareholder Ng petitions to wind up company after loan restructuring talks fail

PRG’s major shareholder Ng petitions to wind up company after loan restructuring talks fail

news

Updated:
  • PRG's largest shareholder, Datuk Ng Yan Cheng, seeks to wind up the company.
  • This follows a failed agreement to restructure a RM21.22 mil advance.
  • PRG is now exploring restructuring options with legal and accounting firms.
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Lagenda lodges RM1.5 bil sukuk wakalah programme with SC to fund housing developments

Lagenda lodges RM1.5 bil sukuk wakalah programme with SC to fund housing developments

news

Updated:
  • Lagenda Properties Bhd's subsidiary made a lodgement for a RM1.5 bil sukuk wakalah programme.
  • This programme offers funding flexibility for affordable housing developments and working capital.
  • It has a perpetual tenure, with the first issuance expected soon.
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1926 Heritage Hotel Penang completes RM20 mil restoration, joins Ascott's Unlimited Collection

1926 Heritage Hotel Penang completes RM20 mil restoration, joins Ascott's Unlimited Collection

news

Updated:
  • The 1926 Heritage Hotel Penang reopened after a RM20 mil restoration.
  • It is Malaysia's first hotel in The Unlimited Collection by Ascott.
  • The project preserved Anglo-Malay architecture, creating an urban resort.
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