CZC alleged that its payments amounting to RM13.12 million made to IHB's wholly-owned subsidiary Infraharta Sdn Bhd (ISB) were tainted with fraud and deceit and that ISB is liable to return the same amount to CZC.
Advancecon said it has initiated several strategic initiatives, including forming public-private partnerships and collaborating with state development agencies.
Signature plans to list its renovation subsidiary Space Alliance Contracts Sdn Bhd and its interior fit-out business that focuses on commercial projects, Zig Zag Builders (M) Sdn Bhd.
Tropicana said the original cost of investment in the land stood at approximately RM143.19 million.
GDB said an adjudicator ruled that KSK Land's unit Damai City Sdn Bhd (DCSB) has to pay GDB's unit Grand Dynamic Builders Sdn Bhd (GDBSB) a total of RM59.32 million as outstanding payment based on a contract between them for construction works carried out, but not paid.
Eastern & Oriental Bhd (KL:E&O) reported a 13.9% increase in its net profit to RM37.52 million for the first quarter ended June 30, 2024 (1QFY2025), from RM32.95 million a year ago, as improved property segment contribution helped offset a weaker healthcare segment.
Prasarana Malaysia Bhd, which operates the country's public stage bus and rail services, confirmed that it has been hit by a cybersecurity breach involving part of its internal systems.
Flexible packaging materials manufacturer Tomypak Holdings Bhd (KL:TOMYPAK) said it is disposing of a property in Senai, Johor for RM31 million, cash, as it seeks to realise the value of its investment in non-core assets.
KIP Real Estate Investment Trust (KL:KIPREIT), which primarily invests in retail properties, is acquiring a 4,663-sq metre (100,416 sq feet) parcel of land in Gerik, Perak, for RM14.8 million, cash.
Property developer Yong Tai Bhd (KL:YONGTAI) said it will defend itself against a lawsuit filed by construction firm Kerjaya Prospek Group Bhd (KL:KERJAYA) over an alleged unpaid contract dispute, and may also consider countersuing.
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