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.

The Real Estate and Housing Developers' Association Malaysia (REHDA) is of the view that the Madani Deposit and a programme akin to the previous Developer Interest Bearing Scheme (DIBS) should only be applied to controlled priced affordable housing.

Tropicana Corporation Bhd announced that 116 homeowners of Gemala Residences in Tropicana Aman received their handover of vacant possession seven months earlier than expected.

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.

Gamuda Bhd has won the coveted The Edge Billion Ringgit Club (BRC) 2024 Company of the Year award, while Public Bank Bhd managing director and chief executive officer Tan Sri Tay Ah Lek was named this year’s Outstanding CEO & Value Creator.

Sunsuria Bhd announced today that its revenue and profit before tax (PBT) were RM170.56 million and RM26.85 million for the third quarter ended June 30, 2024 (3Q).