News by M

MKH Bhd (KL:MKH) has proposed to dispose of its furniture manufacturing subsidiary in China to focus on its property and plantation business.

Pipe manufacturer YLI Holdings Bhd (KL:YLI) is disposing of a piece of industrial land in Prai, Penang, together with a factory building, for RM18 million cash, to strengthen its working capital and reduce borrowings.

HCK Capital Group Bhd (KL:HCK) said it had entered into a joint-venture deal with a landowner to undertake a property development in Cheras with an estimated gross development value of RM600 million.

Property developer Asian Pac Holdings Bhd (KL:ASIAPAC) has proposed to dispose of a 35.72-hectare freehold land in Semenyih, Selangor for RM87.69 million cash.

Scientex Bhd posted a 13.6% rise in net profit to RM154.3 million for the fourth quarter ended July 31, 2025 (4QFY2025), from RM135.9 million in the corresponding period last year.

Advancecon Holdings Bhd’s (KL:ADVCON) unit has won a RM66.9 million contract from JLG Technopark to carry out earthworks and related tasks for phase one of Southern Ibrahim Technopolis (IBTEC) in Kulai, Johor.

Ilham Tower Sdn Bhd and Ilham Baru Sdn Bhd that operate the iconic 60-storey Ilham Tower, located on prime land in the city centre, have filed an originating summons (OS) to bar its company secretary from sharing information about the companies with the Malaysian Anti-Corruption Commission (MACC).

The AREA Group said it will continue to provide advisory services to a collaboration that creates bilateral cooperation and ecosystem frameworks for the implementation of the US$20 billion (RM83.83 billion) China-Malaysia “Two Countries, Twin Parks” initiative by the Shenzhen Government Procurement Association (SGPA).

UEM Sunrise Bhd recorded full take-up of the newly launched Aspira Hills Phase 2A and 3A within 48 hours.

Up to 46 winners of the MyPLACE Awards were feted at a gala dinner at Le Meridien PJ today. They were chosen from 90 entries.