News by M

A three-member Court of Appeal bench on Friday dismissed an appeal by the former operator of the Kuala Lumpur Tower for an ad interim injunction (temporary injunction) to halt the government’s award of the KL Tower concession to a subsidiary of Lim Seong Hai Capital Bhd (KL:LSH), LSH Service Master Sdn Bhd.

Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has bagged a RM46 million contract to carry out interior fit-out works on an 11-storey hotel in Port Dickson.

AME Elite Consortium Bhd (KL:AME) on Friday reported a 40.11% increase in net profit for its fourth quarter ended March 31, 2025 (4QFY2025), mainly driven by higher revenue from its construction services segment.

Tropicana Corp Bhd (KL:TROP) has redesignated its group chief executive officer Datuk Mark Victor Rozario as a non-independent non-executive director.

Mah Sing Group Bhd (KL:MAHSING) announced on Friday that it is seeking new partners to develop data centre facilities on 17.55 acres of freehold land in Southville City, Bangi, after talks with Bridge Data Centres lapsed.

Minority shareholders of Eco World International Bhd or EWI (KL:EWINT) have been advised to support the property developer’s proposals, including ending its collaboration with Eco World Development Group Bhd (KL:ECOWLD), to pave the way for entry into the Malaysian real estate market.

Avaland Bhd (KL:AVALAND) reported a 4.7% drop in net profit for the first quarter ended March 31, 2025 (1QFY2025), mainly due to lower earnings from completed projects like Aetas Damansara and Alira Subang.

Tropicana Corporation Bhd reported a revenue of RM260.4 million in the announcement of its unaudited financial results for the first quarter ended March 31, 2025 (1Q2025).

Manufacturing, property development and construction outfit PRG Holdings Bhd (KL:PRG) is exiting the confinement services business by disposing of its entire 26.21% equity interest in Esther Postpartum Care Sdn Bhd (EPC) for RM1, in line with the group's strategic move to focus on its core business operations.

IJM Corporation Bhd’s (KL:IJM) net profit for the fourth quarter was down almost 30% to RM128.95 million, mainly due to a RM54 million expected credit loss related to the West Coast Expressway.