News by Choy Nyen Yiau

Kerjaya Prospek Group Bhd has secured two contracts totalling RM95.1 million from two indirect subsidiaries of Eastern & Oriental Bhd (E&O) for construction projects in Penang.

At the close of Chin Hin Group Bhd's mandatory takeover offer (MGO) for the remaining 65.9% stake in Ajiya Bhd, Chin Hin received acceptances for 12.31 million shares, or the equivalent of a 4.17% stake.

RHB Investment Bank Bhd (RHB IB) has maintained its "overweight" rating of the construction sector, projecting an upswing in contract roll-outs throughout 2024.

Kerjaya Prospek Group Bhd has bagged a contract worth RM170.94 million from Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd, for the development of a 45-storey building on Andaman Island, Penang.

Harn Len Corporation Bhd has proposed to acquire an aquaculture outfit which owns 30 ponds on a 300-acre piece of land in Pekan, Pahang from its substantial shareholder, Mohamed Nizam Jakel, through a RM42.5 million share deal.

Ho Hup Construction Co Bhd said its unit will challenge an adjudication decision requiring the company to pay RM23.16 million to Ecobuilt Holdings Bhd's wholly-owned subsidiary, Eko Bina Sdn Bhd.

Malaysian Resources Corp Bhd (MRCB) has proposed to acquire the rights to carry out the development of an office tower in the PJ Sentral commercial development from the Selangor State Development Corp (PKNS), for RM270 million.

Foundpac Group Bhd has proposed to acquire a leasehold industrial land in Bayan Lepas, Penang, for RM41.88 million.

Kumpulan Jetson Bhd has turned down a requisition from 10 shareholders to convene an extraordinary general meeting (EGM) on the grounds that they did not collectively hold at least 10% of the company's shares on the day of the request.

LKL International Bhd through its wholly-owned subsidiary LKL Advance Metaltech Sdn Bhd (LKLAM), is selling a piece of freehold land in Seri Kembangan, Selangor, to 8 Food Avenue Sdn Bhd (Avenue) for RM6.9 million.