Pasukhas Group Bhd said the value of the contract the group won last year to undertake concrete substructure works for the head building of the Dexcom Malaysia Factory 3 project in Penang has been increased to RM12.7 million from RM7.08 million.

Chin Hin Group Property Bhd has emerged as a substantial shareholder of NCT Alliance Bhd, after subscribing to 75.41 million shares in the latter via private placement.

Sunway Construction Group Bhd has been awarded a contract for the construction of station and viaducts for the Johor Bahru–Singapore Rapid Transit System (RTS) for RM604.86 million.

Gamuda Bhd posted a net profit of RM194.62 million for its second quarter ended Jan 31, 2023 (2QFY2023), up 9.88% from RM177.13 million in 2QFY2022, as stronger construction and property earnings filled in the void of its highway earnings following the divestments of its four highways last year.

Electric vehicle (EV) tech mobility company Blueshark recently launched a new programme called the Malaysia Electric Vehicle Empowerment (MyEVE) to accelerate the adoption and development of electric motorcycles in the country.

The Eco Business Parks (EBP) industrial segment recorded the highest sales, contributing RM616 million, making up 46% of total year-to-date sales achieved, which were boosted by strong demand from “local and international industrialists”.

The Local Government Development Ministry (KPKT) yesterday presented letters of appointment to 28 individuals who will make up a Panel of Experts (POE) to advise on programmes and policies that help the ministry tackle housing issues, solid waste issues and improving urban environments.

Shareholders of Menang Corp (M) Bhd connected to Titian Hartanah (M) Sdn Bhd have ceased to be substantial shareholding of the property developer.

Unitholders of Pavilion Real Estate Investment Trust (Pavilion REIT) have greenlighted the proposal to acquire Pavilion Bukit Jalil Mall (PBJ Mall) from Malton Bhd for RM2.2 billion.

Trive Property Group Bhd’s net profit jumped to RM24.11 million in the second quarter ended Jan 31, 2023 (2QFY2023), about 18 times the RM1.36 million it made in the same period a year earlier (2QFY2022), thanks mainly to fair value gains of its investment properties that amounted to RM27.26 million.