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News by Choy Nyen Yiau

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LKL International to sell freehold land in Seri Kembangan for RM7 mil

21 December, 2023

LKL International Bhd through its wholly-owned subsidiary LKL Advance Metaltech Sdn Bhd (LKLAM), is selling a piece of freehold land in Seri Kembangan, Selangor, to 8 Food Avenue Sdn Bhd (Avenue) for RM6.9 million.

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IGB REIT joint COO Daniel Yong passes away

19 December, 2023

Yong had been an integral part of Mid Valley City Sdn Bhd since 1999, initially joining as a member of the pre-opening retail development team.

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news

Majuperak to sell land to state agriculture agency as part of business regularisation plan

19 December, 2023

Majuperak, a 51.41%-owned subsidiary of the Perak State Development Corp, said its wholly-owned subsidiary, Syarikat Majuperak Bhd, is selling the property to Ladang Lekir Sdn Bhd, a wholly-owned subsidiary of Perak Agro Oil Palm Sdn Bhd, which in turn is a wholly-owned unit of PPPNP.

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MBSB Bank seeks to sell Country Heights land via auction over default on financing payment

18 December, 2023

Country Heights Holdings Bhd said MBSB Bank Bhd is seeking to sell two pieces of land belonging to its subsidiaries through a public auction over the subsidiaries' default on the payment of Islamic term financing facilities.

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Abang Jo’s son Abang Abdillah resigns as SCIB executive chairman; Zaini Jass named new non-executive chairman

12 December, 2023

... just six months after he was appointed to the position.

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Former S P Setia deputy president Koe Peng Kang appointed independent director at MAHB

12 December, 2023

Koe, 62, commenced his journey at S P Setia in 1997 as a senior project manager, gradually advancing through various business and operational roles until his appointment as senior executive vice president of the company in 2019.

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Gamuda records RM195 mil net profit in 1QFY2024

07 December, 2023

Gamuda Bhd recorded a net profit of RM195.04 million in the first quarter ended Oct 31, 2023 (1QFY2024), compared to RM1.168 billion a year ago.

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Gamuda bags RM1.77 bil Singapore MRT project

07 December, 2023

Gamuda Bhd’s Singapore branch (GBSG), an operating unit of the group, has secured a S$509.568 million (RM1.77 billion) design and construction contract for the West Coast station and tunnel.

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MyEG inks deal with PDC to develop RM108m foreign workers' village

06 December, 2023

MyEG Lodging (NC) Sdn Bhd, a subsidiary of e-government service provider MyEG Services Bhd, has signed a 30-year lease agreement with Penang Development Corp (PDC) to develop a foreign workers' village project worth RM108 million.

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Retail Group Malaysia upgrades 2023 retail growth forecast to 2.8% after strong 3Q sales

05 December, 2023

RGM said that the latest quarterly result surpassed the expectations of the MRA and MRCA, which projected a 1.4% growth rate in September.

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