News by Izzul Ikram

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.

Amid rumours swirling around the award of the Multi-Lane-Fast-Flow (MLFF) system, Works Minister Datuk Seri Alexander Nanta Linggi said Putrajaya has yet to make a final decision on the RM3.46 billion project.

IJM Corp Bhd’s net profit for the second quarter ended Sept 30, 2023 (2QFY2024) surged over threefold to RM93.69 million from RM27.03 million a year earlier, carried by strong showings from its property development and infrastructure segments.

Anwar said this finding was made in a National Economic Action Council meeting.