HCK Capital to dispose of majority stake in Dengkil land for RM61m
HCK Capital Group Bhd (KL:HCK) is selling a majority stake in a company that owns land in Dengkil, Selangor for RM61 million in cash to streamline its business operations.
Gagasan Nadi gets nod for partial purchase of hostel management concession
Construction firm Gagasan Nadi Cergas Bhd (KL:NADIBHD) said it has received government approval to acquire only a majority stake, and not a 100% stake, in Konsortium PAE Sepakat Sdn Bhd (KPSSB), which owns a facility management concession for student hostel facilities in seven polytechnic campuses.
Bursa reprimands Ecobuilt, fines two ex-directors for delay in announcing winding-up order
Bursa Securities has publicly reprimanded Ecobuilt Holdings Bhd (KL:ECOHLDS) for the latter’s failure to make an immediate announcement and misrepresentation relating to a winding-up order last year.
Al-Salam REIT to establish RM3b sukuk programme
Al-Salam Real Estate Investment Trust (KL:ALSREIT) has proposed the establishment of a sukuk programme worth up to RM3 billion in nominal value.
Citaglobal to undertake industrial park project in Pahang on its own as it exercises RM90m land buy option
Citaglobal Bhd (KL:CITAGLB) will develop an industrial park project in Pahang on its own after exercising an option to acquire the land for RM90 million in cash and irredeemable convertible preference shares from its joint venture (JV) partner.
Inta Bina secures RM66.5m housing construction job from Eco Majestic
The development will have two phases and include two-storey semi-detached, semi-detached and two-storey terrace houses.
Ekovest continues to bleed in 4Q, but narrower on lower taxation
Diversified group Ekovest Bhd (KL:EKOVEST) extended its quarterly streak in the red, but with a narrower net loss in the fourth quarter, helped by lower taxation.
Econpile bags RM23 mil construction job for apartment project in Puchong
Piling and foundation specialist Econpile Holdings Bhd (KL:ECONBHD) said it has secured a RM23.46 million construction contract for a proposed apartment development in Puchong, Selangor.
Chin Hin’s 2Q profit halves amid higher administrative expenses
Builder cum developer Chin Hin Group Bhd's (KL:CHINHIN) net profit for the second quarter halved despite logging higher revenue, dragged by higher administrative expenses and the absence of a one-off gain recognised a year ago.
MRCB sees 70% drop in 2Q profit on lower billings
Construction and property group Malaysian Resources Corp Bhd (KL:MRCB) posted a 70.6% year-on-year fall in net profit for the second quarter on lower construction billing.
