News by Justin Lim

Analysts have deemed Sunway Bhd’s (KL:SUNWAY) acquisition of a 17.58-acre freehold land in Taman Taynton, Kuala Lumpur, for RM320 million as fair, citing attractive pricing and strong development potential.

The group said Lee's resignation was due to personal reasons.

Frozen seafood supplier PT Resources Holdings Bhd’s (KL:PTRB) partnership with China’s Ocean Exchange (Fujian) Foreign Trade Services Co Ltd (Ocean Exchange) to develop the Malaysia East Coast International Supply Chain Intelligent Park in Kuantan, Pahang has fallen through.

HCK Capital Group Bhd (KL:HCK) is issuing new shares to settle the bulk of an outstanding RM113.35 million debt that its subsidiary owes its executive chairman Tan Sri Clement Hii Chii Kok @ Hii Chee Kok.

Farlim Group (Malaysia) Bhd (KL:FARLIM) is disposing of a leasehold housing scheme in Gopeng, Perak for RM33 million in cash.

Pesona Metro Holdings Bhd (KL:PESONA) has bagged a contract worth RM321.09 million to undertake the superstructure works of three blocks of condominiums in Jalan Bukit Kiara, Kuala Lumpur.

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.