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The RM36 million purchase will be fully settled via a transfer of NCT’s shares which includes RM3.

Encorp said Ahmad Harzimi Mohd Tai has over 25 years in legal, governance, and property development across both public and private sectors.

The Master Builders Association Malaysia said the construction sector is already burdened by multiple layers of taxation on materials, labour, and equipment, with most contracts awarded on a fixed-price and fixed-duration basis.

Under the termination agreement, NMCSB must refund Radium its RM14 million deposit paid earlier, along with interest at a rate of 10% per annum, calculated daily.

The move underscores Maming Group’s intent to ensure a professional standard of property management across its growing portfolio.

With this latest award, Kitacon has secured contracts worth RM347.

“Some parties have already approached us, and we have also identified certain malls.

The key catalysts are anticipated in 2H2025, including asset recycling through disposals or new acquisitions, asset enhancement initiatives to drive income growth, and a hospitality sector recovery following the seasonal post-Ramadan rebound.

The trust is expected to offer an annualised distribution yield of over 7% for 2025.

The properties are strategically located along the main road, it noted, with easy access to key economic zones and industrial areas, including the Batu Kawan Industrial Park and Valdor.