News by JUSTIN LIM

Meanwhile, YNH Property has also entered into a series of joint venture agreements for the development of a few pieces of land strategically located near Mont Kiara, Sri Hartamas, Kuala Lumpur city centre, Ipoh city and Seri Manjung town.

The furniture manufacturer said the location of the land is strategic as it is near its existing factories and head office.

Earnings per share fell to 9.77 sen from 10.3 sen previously, IGB said in a stock exchange filing yesterday.

As a result, earnings per share fell to 0.12 sen from 1.25 sen last year.

Quarterly revenue decreased by 65.18% to RM239.63 million from RM688.12 million last year, the group said in a filing with Bursa Malaysia.

The 4.7ha plot (505,688.51 sq ft) is being acquired at the price of RM92.50 per square foot, OIB said in a stock exchange filing yesterday.

KLK said its manufacturing segment, which includes the oleochemical division, saw profit more than doubling to RM95.3 million from RM43.7 million, despite a drop in revenue to RM2.05 billion from RM2.44 billion, due to declining prices.

KMK Power Sdn Bhd and KMK Green Ventures Sdn Bhd, both subsidiaries of KNM Group Bhd, filed the suit against Widad Builders Sdn Bhd (WBSB) and BSI on Nov 6, Widad said in a filing with Bursa Malaysia. 

ASM Development also accuses IJSB of delaying completion of the works, and also claims the undertaken works were defective.

PNSB Acmar Sdn Bhd, a unit of Bandar Baru Klang township developer Acmar Group, named Prasarana and SunCon’s unit Sunway Construction Sdn Bhd (SCSB) as defendants in the suit filed on Thursday, SunCon said in a filing with Bursa Malaysia yesterday.