Property developer Pasdec Bhd (KL:PASDEC) is expected to realise an estimated net gain of RM68.38 million from the proposed sale of industrial land in Kuantan, Pahang to Petroluxe Refinery (M) Sdn Bhd (PRSB) for RM73.5 million.

Aizo Group Bhd (KL:AIZO) has bagged a RM24.1 million sub-contract from China State Construction Engineering (M) Sdn Bhd (CSCE Malaysia) to undertake external infrastructure works for a high-rise residential project in Kuala Lumpur.

Noteworthy:

• Freehold
• Built-up size: 3,500 sq ft
• 3 bathrooms
• Unfurnished
• Nearby amenities: Sri KDU International School Klang, KPJ Klang Specialist Hospital, various small businesses, F&B outlets, and residential areas
• Accessibility: Federal Highway, Selat Klang Highway, NKVE, Jalan Kapar. Jalan Klang-Teluk Intan

When: October 2024

Transport Minister Anthony Loke announced on Wednesday that the Cabinet has approved a RM442.3 million upgrade for Kota Kinabalu International Airport (KKIA).

KUALA LUMPUR (Nov 12): Seremban Engineering Bhd (KL:SEB) said it has been served with a counterclaim for RM24.94 million in a lawsuit related to a manufacturing plant projectin Bandar Enstek, Negeri Sembilan.

Hartanah Kenyalang Bhd, a Sarawak-based construction services firm, has filed for an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds for expansion and to finance existing operations.

GuocoLand (M) Bhd's (KL:GUOCO) net profit more than halved to RM2.32 million in the first quarter ended Sept 30, 2024 (1QFY2025), from RM4.79 million a year earlier, as revenue fell on reduced contribution from the property development division.

Atlan Holdings Bhd's (KL:ATLAN) 75.53%-owned subsidiary Duty Free International Ltd (DFIL) (5SO.SI), which is listed on the Singapore Exchange, said it is not satisfied with the RM69.9 million compensation for two pieces of land in Bukit Kayu Hitam, Kedah, that Malaysia's Ministry of Home Affairs (KDN) has compulsorily acquired for a road construction project.

Paragon Globe Bhd (KL:PGLOBE) said it has secured the rights to develop 67.42 acres of land in Iskandar Puteri, Johor, for a residential project with an estimated gross development value of RM733.12 million.

Noteworthy:

• Freehold
• Built-up size: 70,000 sq ft
• 15 rooms, 6 bathrooms
• Fully furnished
• Nearby amenities: Columbia Asia Hospital-Klang, various small businesses, F&B outlets, schools, and residential areas
• Accessibility: West Coast Expressway, New North Klang Straits Bypass (NNKSB), Jalan Kapar, Jalan Klang-Teluk Intan

When: June 2024