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GDB faces potential delay in debt recovery as 8 Conlay developer faces judicial management bid

GDB faces potential delay in debt recovery as 8 Conlay developer faces judicial management bid

news

Updated:
  • GDB Holdings faces delays in recovering RM140 million from Damai City Sdn Bhd (DCSB).
  • A creditor filed for judicial management of DCSB, potentially suspending GDB's claims.
  • GDB is consulting lawyers on this new development.
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Land matters for Port Klang third terminal development completed since December, says Amirudin

Land matters for Port Klang third terminal development completed since December, says Amirudin

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Updated:
  • Selangor finalised land matters for Port Klang's third terminal in December.
  • The state awaits federal approval for the project's commencement.
  • Construction on the seabed area is pending a federal decision on ownership.
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Tanco MD buys shares from younger brother as shares slip yet again

Tanco MD buys shares from younger brother as shares slip yet again

news

Updated:
  • Andrew Tan Jun Suan bought shares from his brother Edwin Tan Kium Suan.
  • Jun Suan's direct stake in Tanco slightly decreased to 19.41%.
  • Tanco's share price fell, but operations remain unaffected.
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Talam Transform's July 10 EGM allowed to proceed by court amid boardroom battle

Talam Transform's July 10 EGM allowed to proceed by court amid boardroom battle

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Updated:
  • The High Court approved an EGM to remove Talam Transform's board.
  • Restrictions were placed to maintain the status quo until the July 10 meeting.
  • This follows a dispute with shareholders seeking to appoint new directors.
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Kerjaya Prospek bags RM488.4m Pulau Andaman serviced apartment job from E&O unit

Kerjaya Prospek bags RM488.4m Pulau Andaman serviced apartment job from E&O unit

news

Updated:
  • Kerjaya Prospek Group Bhd secured a RM488.4 million building contract.
  • The project involves two 46-story serviced apartment blocks in Penang.
  • This contract will boost revenue and the group's order book.
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Malton inks MOU with US' Ricloud on proposed AI-compute-centre collaboration

Malton inks MOU with US' Ricloud on proposed AI-compute-centre collaboration

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Updated:
  • Malton Bhd signed an MOU with Ricloud AI Inc to explore AI compute centres in Malaysia.
  • Malton will assist investors in identifying suitable locations for AI compute centres.
  • Ricloud will secure investors and provide technical expertise for these centres.
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Nextgreen completes land disposals tied to JV proposals

Nextgreen completes land disposals tied to JV proposals

news

Updated:
  • Nextgreen Global Bhd (NGGB) completed land disposals for a JV.
  • Neuwhite Sdn Bhd paid the remaining 90% to Ultimate Ivory.
  • This finalises a key part of NGGB's broader proposals.
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Ecobuilt seeks approval to diversify into property development, building materials trading

Ecobuilt seeks approval to diversify into property development, building materials trading

news

Updated:
  • Ecobuilt Holdings Bhd seeks shareholder approval to diversify into property development and building materials trading.
  • This move aims to broaden income streams and reduce reliance on its struggling construction business.
  • The company is evaluating potential projects in Penang and the Klang Valley.
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Mulpha named in Australian class action over Mulgoa Rise project

Mulpha named in Australian class action over Mulgoa Rise project

news

Updated:
  • Mulpha International's subsidiary faces an Australian class action lawsuit.
  • The claim alleges unsuitable land for residential construction at Mulgoa Rise.
  • Mulpha Norwest denies wrongdoing and will vigorously defend the claim.
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Berjaya Corp exits Citaglobal stake for RM42.56m in RPT transaction

Berjaya Corp exits Citaglobal stake for RM42.56m in RPT transaction

news

Updated:
  • Berjaya Corp Bhd (BCorp) sold its 8.64% stake in Citaglobal Bhd for RM42.56 million cash.
  • The sale to Detik Ria Sdn Bhd was a related party transaction.
  • Proceeds will be used for BCorp's working capital needs.
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