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The diversified group saw its net profit for the quarter ended March 31, 2024 (1QFY2024) rise to RM172.

Property sales rose 38.

Lagenda said it entered into a deal on Tuesday to buy the three plots of land from plantation company Hock Lean Rubber Estate Sdn Bhd to expand its land holdings and solidify the group’s position as a developer of affordable townships in Kedah.

The report also highlighted that due to significant immigration inflows into major cities in the region, home prices and rent have risen materially.

Following the acquisition — made through his private investment vehicle Ukay One Sdn Bhd — Liew has a direct holding of 2.

“The allocation of proceeds for our working capital requirements will reduce our dependency on external financing, and allow us to undertake more projects concurrently.

On its part, Pintaras said its outstanding construction orderbook worth about RM316 million will help the company “navigate through the next few challenging months” while noting “an upturn in construction activities”.

Meanwhile, a separate filing showed that Binastra’s executive director Lee Seng Yong acquired the 30 million share block, raising his stake in the company to 14.

The better quarterly earnings were due to an adjustment it made to reverse the over-accrued liability in the current quarter, totalling RM4.

“The group is optimistic of registering a positive growth in FY2024 supported by our strong existing outstanding order book” totalling RM6.