News by Izzul%20Ikram

Eastern & Oriental Bhd’s (E&O) executive chairman Datuk Tee Eng Ho and his brother, executive director Tee Eng Seng, raised their stake in the property developer to 50.7% via the conversion of irredeemable convertible unsecured loan stocks (ICULS).

Sarawak Consolidated Industries Bhd (SCIB) deems the RM21.62 million cash it plans to fork out for five leasehold plots in Demak Laut Industrial Park in Kuching, Sarawak, as “fair and reasonable”, after taking into account the prices of comparable properties in the same location.

After falling into the limelight due to being listed as one of the assets former finance minister Tun Daim Zainuddin failed to declare to the Malaysian Anti-Corruption Commission (MACC), Avillion Bhd has assured that it is business as usual for the company.

YNH said its wholly-owned D’Kiara Place Sdn Bhd has inked a sale and purchase agreement with RHB Trustees Bhd, the trustee of Sunway REIT, for the sale of the seven-storey retail shopping centre.

Loss-making Kumpulan Jetson Bhd has proposed to undertake a share capital reduction (SCR) as well as a private placement exercise to partially fund the acquisition of majority ownership in Melaka property developer Magical Era (M) Sdn Bhd (MESB).

Fajarbaru Builder Group Bhd has been appointed as the developer of a RM192 million affordable housing project in Putrajaya by the federal territory’s local authority.

Maju Offshore Capital Sdn Bhd has ceased to be loss-making Bina Puri Holdings Bhd’s substantial shareholder after it sold a 2.96% stake in the company for RM4 million.

The group detailed that the first tranche of Islamic debt papers is secured and has a five-year tenure, maturing on Jan 23, 2029.

YNH Property Bhd and Sarawak Consolidated Industrial Berhad (SCIB) have emerged among the top active stocks on Bursa on Monday, posting record levels of trading activity.

EcoFirst Consolidated Bhd, which is facing a RM20 million lawsuit for withdrawing a RM404.35 million contract it had issued to Kerjaya Prospek Group Bhd, said the group will be contesting the matter.