KSK Land Sdn Bhd has terminated its contract with Grand Dynamic Builders Sdn Bhd (GDBSB), a wholly owned subsidiary of GDB Holdings Bhd, as the main contractor of mixed development 8 Conlay at Jalan Conlay, Kuala Lumpur.

S P Setia Foundation and Lembaga Zakat Selangor (LZS), together with Amanah Saham Nasional Bhd (ASNB) and Agensi Kaunseling dan Pengurusan Kredit (AKPK) organised a Financial Literacy Workshop on fundamental financial management for 80 asnaf individuals at Baitussalam Pusat Perlindungan Asnaf Lembaga Zakat Selangor on April 14.

Rubber compound manufacturer GIIB Holdings Bhd, which has been locked in a dispute with one of its directors over allegations of fraud and misconduct, is selling a 1.689ha parcel of industrial land in Tuaran, Kota Kinabalu, Sabah to metal and steel product wholesaler Kozai Realties Sdn Bhd for RM14 million cash.

KIP Real Estate Investment Trust's (REIT) net property income for the third quarter ended March 31, 2023 (3QFY2023) grew 13.3% to RM16.4 million, up from RM14.5 million a year earlier, on higher revenue.

Siab Holdings Bhd said it has accepted a settlement arrangement from Yong Tai Bhd following their mutual agreement to terminate two high-rise property projects with a combined outstanding contract value of RM190.48 million.

Property developer OCR Group Bhd’s units are being sued by their contractor over alleged payment default of RM30.93 million in relation to projects in Kuantan and Petaling Jaya.

Noteworthy:

• Leasehold
• Built-up size: 5,000 sq ft
• Land size: 12,100 sq ft
• 6 bedrooms, 7 bathrooms
• Fully furnished
• Nearby amenities: schools, convenience stores, AEON Mall Shah Alam, Subang Parade, Utrospace Glenmarie, F&B outlets
• Accessibility: Federal highway, DASH Highway, KESAS Highway.

When: January 2023

Bursa Malaysia Securities Bhd (Bursa Malaysia) has granted a time extension of six months to Iskandar Waterfront City Bhd (IWCity) to submit its regularisation plan following the company’s status as a Paragraph 8.03A affected listed issuer.

GDB Holdings Bhd has claimed that its subsidiary Grand Dynamic Builders Sdn Bhd (GDBSB) was wrongfully terminated from 8 Conlay project.

Malton Bhd is now assessing the financial hit the group will have to take following the apex court's decision earlier on Tuesday (April 18) that quashed a luxury service apartment project that Malton's 51%-owned unit Menang Perkasa Sdn Bhd was building on a plot of Taman Rimba Kiara land here.