Oriental Interest buys RM46.78m Selangor land to complement Sepang development
The 4.7ha plot (505,688.51 sq ft) is being acquired at the price of RM92.50 per square foot, OIB said in a stock exchange filing yesterday.
KLK 4Q net profit up 37%, lifted by manufacturing segment
KLK said its manufacturing segment, which includes the oleochemical division, saw profit more than doubling to RM95.3 million from RM43.7 million, despite a drop in revenue to RM2.05 billion from RM2.44 billion, due to declining prices.
Widad's subsidiary sued by KNM units over solid waste station contract
KMK Power Sdn Bhd and KMK Green Ventures Sdn Bhd, both subsidiaries of KNM Group Bhd, filed the suit against Widad Builders Sdn Bhd (WBSB) and BSI on Nov 6, Widad said in a filing with Bursa Malaysia.
Ikhmas Jaya sued for RM13.33m over alleged breach of agreement in serviced apartment project
ASM Development also accuses IJSB of delaying completion of the works, and also claims the undertaken works were defective.
Property firm sues SunCon, Prasarana, claiming LRT3 works have encroached into its project site
PNSB Acmar Sdn Bhd, a unit of Bandar Baru Klang township developer Acmar Group, named Prasarana and SunCon’s unit Sunway Construction Sdn Bhd (SCSB) as defendants in the suit filed on Thursday, SunCon said in a filing with Bursa Malaysia yesterday.
Solarvest IPO oversubscribed by 35 times
Solarvest's IPO for its Bursa Malaysia ACE Market listing involves a public issue of 98.83 million new shares at 35 sen each to raise RM34.59 million for the company.
AISB acquires land near MRT station for RM31m
The group said the property is located within an area with mixed commercial and residential development and it is 15km from Kuala Lumpur.
UEM Sunrise to see RM54.3m gain from disposal of Australian property
“The proposed divestment allows UEM Sunrise to immediately unlock the value of the property at a gain in line with market value, and free up the cash to enable the group to pursue other investments and venture opportunities,”
Zecon's auditor casts going concern doubts
Nonetheless, Crowe Horwath also highlighted that Zecon is taking measures to mitigate the existence of material uncertainty ongoing concern and its obligations falling due within the next 12 months.
EcoFirst’s unit received sealed court order to pay sum of RM10.37 million
The plaintiffs Chan Yoke Heng and 23 others’ claim against PDSB was allowed by the High Court on Sept 17, 2019.
