News by izzul Ikram

The five-year contract will commence on Jan 1, 2026, and run until Dec, 31, 2030. 

MGB Bhd (KL:MGB) has secured a RM118.5 million contract to build affordable apartments in Kuala Lumpur from UDA Accord Development Sdn Bhd.

Mulpha International Bhd (KL:MULPHA) has sold its entire 33% stake in the London Marriott Hotel for £33.8 million (RM190.3 million) to fund working capital requirements and venture into new investments.

Ho Hup Construction Co Bhd’s (KL:HOHUP) founding Low family has ceased to be a substantial shareholder in the company amid a boardroom tussle.

Mudajaya said that it had secured an order of specific performance for developer Crest Worldwide Resources Sdn Bhd to deliver vacant possession of the properties from the High Court under the civil suit on Oct 22.

The takeover offer by Magna Prima Bhd’s (KL:MAGNA) largest shareholders—Datuk Seri Wong Sze Chien and managing director Seah Ley Hong—for the remaining shares in the company has turned unconditional, after their collective stake climbed above 50%.

Axis Real Estate Investment Trust (KL:AXREIT) declared a third interim distribution per unit (DPU) of 2.65 sen on Thursday, as it saw a 15.7% year-on-year jump in its third-quarter net property income (NPI), thanks to newly acquired assets and rental growth.

Ho Hup Construction Co Bhd (KL:HOHUP) said its substantial shareholder Omesti Holdings Bhd (KL:OMESTI) has sought an extraordinary general meeting (EGM) to replace two of the construction outfit’s directors with appointees.

Proceeds to be raised would depend on the actual number of warrants exercised during the exercise period.

The company has extended the deadline for the proposed acquisition several times, the most recent being on Sept 30, 2025.