News by theedgemalaysia.com

Sentoria Group Bhd (KL:SNTORIA) is at risk of being delisted on June 16, after the developer failed to submit its regularisation plan by June 3.

Tan Sri Vincent Tan Chee Yioun has reduced his stake in Berjaya Corporation Bhd (KL:BJCORP) and ceased to be a substantial shareholder in six listed companies, according to filings with Bursa Malaysia.

Pipe manufacturer YLI Holdings Bhd (KL:YLI) is selling two industrial land parcels in Prai, Penang, for RM28.5 million cash, with the disposal expected to generate a net gain of about RM6.83 million and help reduce the group's losses.

IJM Corporation Bhd (KL:IJM) is selling a hypermarket building in Sandakan, Sabah, to its tenant, supermarket operator Econsave, for RM47.5 million.

Varia Bhd (KL:VARIA) has proposed to jointly develop a mixed development project in Putrajaya with United Malayan Land Bhd (UMLand) and Canada-based King George Financial Corp (KGFC).

Inta Bina Group Bhd (KL:INTA) said on Friday it has secured a RM227.08 million contract to carry out main building and infrastructure works for a mixed commercial strata development in Klang, Selangor.

IOI Properties Group Bhd (KL:IOIPG) posted a more than threefold jump in its third-quarter net profit, driven by the consolidation of its Singapore assets and a RM130 million land sale in Melaka, as well as broad operational improvements across all its business segments.

Real estate developer Mulpha International Bhd (KL:MULPHA) swung back to profit in the first quarter, lifted by stronger property settlements in Australia and improved contributions from its hotel operations.

Transport Minister Anthony Loke has ordered authorities to launch an investigation and take maximum punitive action against Prasarana Malaysia Bhd following the LRT derailment incident earlier on Thursday.

Penang Chief Minister Chow Kon Yeow released parts of the request for proposal (RFP) and tender documents for the Ladang Byram/Changkat project under Batu Kawan Industrial Park (BKIP) 2 to defend the state’s rejection of the IJM Properties-led consortium bid.