News by John Lai

Radium Development Bhd (KL:RADIUM) has reported a net profit of RM94.24 million for the third quarter, a sharp increase from RM4.81 million a year earlier, mainly due to a one-off gain of RM123.7 million from a land settlement deal with the Kuala Lumpur City Hall (DBKL).

Axis Real Estate Investment Trust (KL:AXREIT) is acquiring an industrial property in Seberang Perai Tengah for RM800 million from Ann Joo Steel Bhd, to whom it is leasing back the asset post-acquisition.

The scope of work includes mechanical and electrical fit-out for the data centre, along with a guard house and a refuse room.

Construction and property developer Mudajaya Group Bhd (KL:MUDAJYA) has proposed to consolidate every five shares held by its shareholders into one share.

CBH Engineering Holding Bhd (KL:CBHB), through its wholly-owned subsidiary CBH Engineering Sdn Bhd, has secured a RM20.67 million contract from an undisclosed client—referred to as Company A—for the design and installation of high-voltage early works at a 275kV substation in a data centre located in Johor.

Chin Hin Group Property Bhd (KL:CHGP) has signed an agreement to develop a residential project worth RM1.15 billion in Taman Connaught, Cheras.

Crest Builder Holdings Bhd (KL:CRESBLD) has secured a RM23.93 million contract from Quantum Quest Sdn Bhd for reinforced concrete works at a high-rise residential development along Jalan Tun Razak, Kuala Lumpur.

SEDC now only holds a 4.973% stake in CMSB, below the 5% threshold that defines substantial shareholding under regulatory guidelines.

The roadmap introduces a comprehensive overhaul of manufacturing licences, to align industry growth with actual demand, technological shifts, and national decarbonisation goals.

Inta Bina Group Bhd (KL:INTA) has secured a RM40.6 million contract to construct 128 two-storey terrace houses within a gated and guarded development at Beranang in Selangor's Hulu Langat district.