News by JUSTIN LIM

Glomac Bhd's (KL:GLOMAC) net profit rose 79.04% to RM7.28 million for its first quarter ended July 31, 2024 (1QFY2025), from RM4.06 million a year ago, driven by higher revenue and improved profit margins from better margin projects.

Precast concrete product maker Sarawak Consolidated Industries Bhd (KL:SCIB) said it is buying a vacant leasehold land measuring 2.49 hectares in Bintulu to undertake a housing project.

Ahmad started helming the Alliance Bank group as chairman on Feb 1, 2017. 

Sinmah Capital Bhd (KL:SMCAP) has announced that its partnership with the Kuala Lumpur Football Association (KLFA) to develop a mixed development in Setapak has been terminated.

Kein Hing International Bhd (KL:KEINHIN) is acquiring a semi-detached factory with offices for RM5.9 million in cash. 

Chin Hin Group Bhd (KL:CHINHIN)’s founder Datuk Seri Chiau Beng Teik has ceased to be a substantial shareholder in NCT Alliance Bhd (KL:NCT) after selling a 3.58% stake in the construction and property development company.

Ecobuilt Holdings Bhd (KL:ECOHLDS), which is under an ad-interim liquidator, said on Thursday that it has bagged a RM190 million contract to undertake a construction job.

Hextar Technologies Solutions Bhd (KL:HEXTECH) is in exclusive talks with Widad Group Bhd (KL:WIDAD) to dispose of five adjoining plots of vacant industrial land in Negeri Sembilan at a yet-to-be-determined price.

Citaglobal Bhd (KL:CITAGLB) has bagged two construction jobs worth RM50.95 million, including one related to the Kuching Urban Transportation System.

Chin Hin Group Property Bhd (KL:CHGP) is partnering with duty-free retailer Atlan Holdings Bhd (KL:ATLAN) to jointly undertake a high-rise project in Johor Bahru, with an estimated gross development value of RM478.42 million.