Ho Hup’s 52.5% indirect unit served with winding-up petition over payment dispute
The petition hearing is scheduled for Nov 18.
Pan Malaysia Holdings clinches RM47m subcontract in Damansara Perdana
The group said its wholly-owned subsidiary, Exsim Concepto Sdn Bhd (ECSB), received the letter of award from Discovery Media Sdn Bhd for the subcontract under a project involving the development of 560 office units.
Gadang to sell leasehold land in Damansara Perdana for RM65m
Gadang Holdings Bhd (KL:GADANG) is disposing of a leasehold land in Damansara Perdana for RM65 million to partially finance its existing construction projects and repay borrowings.
MGB to undertake RM861m GDV mixed development, residential projects in Seri Kembangan
Construction and property development company MGB Bhd (KL:MGB) said it will undertake mixed development and residential projects on 26 acres of land in Taman Bukit Serdang, Seri Kembangan with a combined gross development value (GDV) of RM861.35 million.
Kuchai Development-Sg Bagan deal revised downwards to RM267.78 mil on Semenyih land exclusion
The total sum for the proposed disposal of Kuchai Development Bhd’s (KL:KUCHAI) assets and liabilities to Sungei Bagan Rubber Company (M) Bhd (KL:SBAGAN) has been revised lower following the exclusion of an agricultural land parcel in Semenyih, Selangor.
AME Elite to establish sukuk wakalah programme of up to RM1.8b
The proceeds from these sukuk wakalah programmes will be used for working capital, capital expenditure, investments, refinancing, and general corporate purposes within the group and its joint ventures.
Gamuda gets A$243 mil Australian wind farm construction contract
Gamuda Bhd (KL:GAMUDA) said on Friday it has secured a A$243 million (RM702 million) construction contract to deliver the Boulder Creek Wind Farm in Queensland, Australia.
TNB launches Transition Finance Framework to fund sustainable projects
Through this framework, TNB can utilise various financing instruments for its SFTs, which encompass sustainable and responsible investment (SRI), green, social and sustainability (GSS) and transition sukuk, GSS and transition bonds, as well as transition loans.
MRCB’s 2Q net profit jumps over fourfold to RM51m
Malaysian Resources Corp Bhd’s (KL:MRCB) net profit for the second quarter surged more than fourfold to RM51.18 million from RM10.87 million a year earlier, as contribution from its construction segment doubled.
Ekovest narrows 4Q net loss to RM64.9m
Ekovest Bhd (KL:EKOVEST) narrowed its net loss to RM64.87 million for its fourth quarter ended June 30, 2024 (4QFY2024) from RM95.66 million a year earlier, helped by a turnaround in the performance of its associate.
