News by justin Lim

The police report follows Fong's sacking in May, after investigations by the company against him on allegations of misconduct.

Gamuda Bhd (KL:GAMUDA) recorded a 4.68% year-on-year increase in its third-quarter net profit, driven by robust performance within its domestic construction division, where earnings about tripled, offsetting a drop in the group's property earnings.

China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) said it has "wholly disputed" an alleged outstanding payment claim of RM15.22 million made by a subsidiary of Advancecon Holdings Bhd (KL:ADVCON) in relation to the latter's works on the East Coast Rail Link (ECRL) project.

Ecobuilt Holdings Bhd's (KL:ECOHLDS) chief executive officer Lim Chin Yen has resigned after just four and a half months at the helm of the construction company.

Bank Islam Malaysia Bhd (KL:BIMB) has obtained a summary judgement against Ivory Properties Group Bhd (KL:IVORY) in a suit involving unpaid financing facilities.

The association said the 8% SST on commercial rentals that will kick in on July 1 — introduced without any consultation or engagement with the retail sector — will add further pressure on the retail industry. 

GDB Holdings Bhd (KL:GDB) said its non-executive chairman Tan Sri Zaini Omar has resigned from the position due to health issues.

The placement shares, totalling up to 253 million or 10% of the company’s share base, will be placed out to independent third-party investors. 

Property developer Paramount Corp Bhd (KL:PARAMON) is keeping invested in Eco World International Bhd (KL:EWINT), in which it bought a 21.45% stake last year to speed up its overseas expansion, despite EWI’s recent decision to shift its focus to the Malaysian property market instead.

Eastern & Oriental Bhd (KL:E&O) said it is "not in a hurry" to sell its properties in the UK, as it keeps the doors open to potential suitors to monetise the non-core assets.