News by Choy Nyen Yiau

OCR Group Bhd on Wednesday entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated gross development value of RM313 million.

Gadang Holdings Bhd said it will appeal to the Economic Planning Unit (EPU) for a waiver of the Bumiputera equity requirement to facilitate its acquisition of a 21.08-acre land in Kwasa Damansara.

ITMAX is a smart city integrated systems and solutions provider while JLG is in the estate and infrastructure business.

The agreement aims to advance solar adoption by pooling the collective expertise, resources and technology to facilitate the purchase and sale of Huawei Digital Power-Smart Photovoltaic solutions.

Iconic Worldwide Bhd has raised a total of RM95.6 million through its rights issue exercise with free warrants, which was oversubscribed.

Additionally, the group's cash reserves are low for both entities, with the group's bank overdraft exceeding its credit limit, and a significant portion of the group's inventory is encumbered by a private caveat, complicating its disposal.

The initial contract, valued at an estimated RM120 million, was awarded to SCIB Properties back in May 2021.

The letter of award was from Eco Ardence Sdn Bhd to undertake the main building works for the proposed Maya Integrated Development.

Crescendo Corp Bhd has announced the disposal of a piece of vacant freehold land measuring 1.1 million sq ft in Pulai, Johor for RM132.47 million, or RM120 per sq ft.

Construction firm Nestcon Bhd has proposed to diversify its existing business operations to include renewable energy (RE), aiming to bolster future earnings and expand the group's income stream.