ASM Development countersues Econpile for almost RM346m

KUALA LUMPUR (Dec 23): Property developer ASM Development (KL) Sdn Bhd (ASMDKL), a unit of Maju Holdings Sdn Bhd, has countersued Econpile Sdn Bhd, a subsidiary of Econpile Holdings Bhd, for almost RM346 million for its failure to carry out work at its Maju Kuala Lumpur project, in response to a suit filed by the construction contractor in March this year.

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Harvest time for IGB

PETALING JAYA (Dec 23): IN a slow real estate market, most property developers have allayed investor fears with the huge land banks they have amassed and the value these can create.

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