News by theedgemalaysia.com

Kumpulan Kitacon Bhd via its wholly-owned subsidiary Kitacon Sdn Bhd has accepted a letter of award (LOA) for main buildings and associated works from Boustead Balau Sdn Bhd, a subsidiary of Boustead Holdings Bhd.

Trading suspension of Top Builders Capital Bhd will continue until further notice, as the group failed to file its quarterly report for the financial period ended March 31, 2023, with Bursa Securities by the May 31 deadline.

Ekovest Bhd’s net loss doubled to RM15.86 million in the third quarter ended March 31, 2023 (3QFY2023) from RM7.96 million a year ago, despite improved revenue, as interest expenses rose while it booked a deferred tax expense of RM38.72 milion.

YNH Property Bhd independent and non-executive directors Ching Nye Mi @ Chieng Ngie Chay, 75, and Ding Ming Hea, 59, have resigned from the property developer’s board, effective May 31.

Shares of Star Media Group Bhd jumped as much as 9.5% in the evening session, after minority shareholders voted against a proposal to sell an industrial land, upon which factory buildings will be built, to Matang Bhd in a share and cash deal.

Eastern & Oriental Bhd’s net profit plunged 79.64% to RM16.09 million in the fourth quarter ended March 31, 2023 (4QFY2023), from RM79.02 million a year ago, amid a sharp increase of other expenses at RM120.51 million, from RM23.63 million a year before. 

168 Park Selayang Sdn Bhd’s leasehold mixed development 168 Park Selayang located in Jalan Kuching, Kuala Lumpur, has achieved an 80% take-up rate for its Block A, since March 1, 2023.

Econpile Holdings Bhd has received a letter of acceptance worth US$9.5 million (RM43.77 million) for a project in Cambodia.

Star Media Group Bhd shareholders have voted to reject its proposal to sell properties, consisting of factories and a warehouse in Shah Alam, to its sister company Matang Bhd for RM33 million in a share and cash deal.

Chin Hin Group Bhd’s net profit fell 24% to RM20.05 million for the first quarter ended March 31, 2023 (1QFY2023) compared to RM26.26 million a year earlier (1QFY2022).