News by John Lai

It is buying the property from High Rich Realty Sdn Bhd, which is controlled by Datuk Seri Tiong Chiong Hoo, Kelvin Tiong Yung Yiing, Clara Tiong Siew Ee and Rosalina Ling Hung Ching via Oriental Evermore Sdn Bhd and Bright World Trading Co Ltd.

Datuk Joseph Lau, the head of the developer behind Desa ParkCity township, has emerged as the second largest shareholder of construction firm Crest Builder Holdings Bhd (KL:CRESBLD).

Gadang Holdings Bhd (KL:GADANG) announced it will allocate about RM19 million in additional costs for the financial year ending May 31, 2025 (FY2025), following the termination of an agreement to jointly develop a parcel of land in the Cyber 9 precinct of Cyberjaya with Cyberview Sdn Bhd.

A group of Kumpulan Jetson Bhd’s (KL:JETSON) minority shareholders, who were blocked from holding an extraordinary general meeting (EGM) to remove the entire board, have asked the court to compel the company to give them access to its shareholder records so they can hold the meeting.

Paradigm Real Estate Investment Trust (KL:PARADIGM) on Thursday set the final price for its initial share sale at RM1 apiece as previously indicated amid subdued demand from some investors.

Eastern & Oriental Bhd (KL:E&O) nearly doubled its net profit for the fourth quarter ended March 31, 2025 (4QFY2025), on profits from its joint ventures, a tax gain and lower finance costs.

Builder Mitrajaya Holdings Bhd's (KL:MITRA) wholly owned subsidiary Pembinaan Mitrajaya Sdn Bhd has bagged a RM70 million contract to construct an eight-storey serviced apartment, which will be used as training centre and staff recreational facilities, in Langkawi, Kedah.

Cahya Mata Sarawak Bhd’s (KL:CMSB) net profit fell 33.8% to RM25.34 million in its first quarter ended March 31, 2025 (1QFY2025) compared to RM38.25 million a year ago, dragged by unfavourable foreign exchange (forex), and lower contribution from associates and joint ventures.

Gamuda Bhd (KL:GAMUDA) said on Friday it is buying three plots of land measuring 336 acres combined for RM248.7 million near its current project in Selangor.

Sentoria Group Bhd (KL:SNTORIA) said its external auditor Messrs Kreston John & Gan had expressed a disclaimer of opinion on the group's audited financial statements for the 15-month period ended Dec 31, 2024, due to insufficient audit evidence.