News by Justin Lim

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.

Gadang said JF Foundation's suit centres on the alleged failure of Usaha Pesona "to certify and pay for certain items, primarily the idling costs".

The land is currently pledged to a bank for a loan facility of RM21 million, with an outstanding loan of RM17.87 million as of end-June this year.

The first contract with a tenure of 17 months is valued at RM6.59 million.

Axis Real Estate Investment Trust (KL:AXREIT) is proposing a private placement to raise up to RM454.99 million for repayment of bank financing.