Govt ordered to transfer Duta land to Semantan Estate liquidators

High Court judge Datuk Ahmad Shahrir Mohd Salleh allowed Semantan Estate’s application, to give effect to the order the company had obtained since 2009 — in one of the longest-standing civil land disputes since Merdeka — back to the liquidator after the court dismissed the government’s application for an adjournment of Tuesday’s hearing pending a proposed settlement by the government on the issue.

READ MORE

Intraday short-selling of WCT suspended as shares hit one-month low

Still, WCT has had a great rally so far in 2024, as its stock price more than doubled at the end of last year, tracking a rally in the construction sector, largely fuelled by optimism about the government’s rollout of major infrastructure projects and contract awards in the private sector KUALA LUMPUR (Aug 5): Shares of construction and property group WCT Holdings Bhd (KL:WCT) plunged to their lowest in one month, after the stock exchange suspended intraday short-selling activities of the stock on Monday morning.

READ MORE