News by Choy Nyen Yiau

Despite ongoing litigation with MBSB Bank over payment defaults, Country Heights Holdings Bhd (KL:CHHB) announced on Monday a tender process to attract investors for the Mines Waterfront Business Park (MWBP) and Mines International Exhibition and Convention Centre (MIECC) project development in Seri Kembangan.

The government said it will prioritise addressing the issue of unlicensed abandoned private housing projects, including by collaborating with stakeholders.

Shares in IJM Corp Bhd (KL:IJM) hit a record high in early trade on Thursday after the construction-and-property company reported better-than-expected results for the fourth quarter ended March 31, 2024 (4QFY2024).

IJM Corp Bhd's (KL:IJM) net profit for the fourth quarter ended March 31, 2024 (4QFY2024) leapt over 10-fold to RM305.5 million from RM23.1 million a year earlier, thanks to a sharp rise in other operating income.

Plastic packaging manufacturer Thong Guan Industries Bhd (KL:TGUAN) is teaming up with the Kedah State Development Corporation (PKNK) to jointly develop 221 units of shop and office lots with an estimated gross development value (GDV) of RM200 million.

Kedah-based property developer Eupe Corp Bhd (KL:EUPE) is acquiring a 2.46-acre (one-hectare) freehold land here for RM69.18 million, on which it will develop a high-rise residential project.

US-based manufacturer of electrical and network infrastructure Panduit Corporation announced the opening of its new state-of-the-art manufacturing facility in Johor Bahru on Wednesday.

This projection is backed by the strong participation expected at the BuildXpo exhibition and targeted international business matching sessions, which will attract approximately 25 buyers from at least 10 diverse markets, including China, Thailand, Indonesia, Singapore, Russia, Zambia, Zimbabwe, Korea, Japan, and India.

The construction outfit said EPF is claiming a principal sum of RM50,196, representing total outstanding contribution from August 2023 to December 2023, along with dividends and late payment charges to be determined upon full settlement of the amount claimed.

EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.