News by theedgemalaysia.com

Lagenda Properties Bhd (KL:LAGENDA) has ceased to be a substantial shareholder of Northern Solar Holdings Bhd (KL:NORTHERN), less than seven months after the solar energy firm listed on the ACE Market.

Chin Hin Group Property Bhd (KL:CHGP) is acquiring a controlling 55% stake in a developer based in Nilai, Negeri Sembilan for RM9.37 million in cash, to strengthen its project portfolio with a mixed-used development in the state.

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. 

Crescendo Corporation Bhd (KL:CRESNDO) said on Friday that it has entered into an agreement with MSFusion Sdn Bhd for the disposal of freehold industrial land in Kota Tinggi, Johor, for RM263.2 million.

RHB Banking Group has formed a strategic partnership with OSK Property to introduce an overseas property financing solution tailored for Malaysian buyers.

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.

Eversendai Corp Bhd's (KL:SENDAI) net profit jumped exponentially in the second quarter, as the group recorded its highest ever quarterly revenue, while finance costs and expenses fell by half.

AME Elite Consortium Bhd (KL:AME) reported on Thursday that its net profit more than doubled for the first financial quarter, lifted mainly by stronger contributions from its property development and construction segments.

Inta Bina Group Bhd (KL:INTA) clinched a RM67.79 million contract on Thursday to undertake the construction of houses in Cyberjaya.

The government will raise the consent threshold for urban renewal projects to 80% across the board, Housing and Local Government Minister Nga Kor Ming said on Thursday.