News by Justin Lim

Ewein Bhd is acquiring a vacant piece of industrial land in Butterworth for RM25.84 million to develop a workers’ dormitory in a related party transaction.

Shares of Coastal Contracts Bhd shed as much as 4.94% or eight sen to RM1.54 in early trade, amid scepticism towards its foray into tourism through the acquisition of a resort project in Pulau Mabul, Sabah.

Kenanga Research also noted that the price tag of RM9.33 psf is at a discount price to the asking price for agricultural land in the surrounding areas of between RM12 and RM13 psf.

The proposed disposal, at RM34 million, "would be a great stress relief to the group’s cash flow as compared to retaining the land for a potential loss-making development".

Having missed the Feb 29, 2024 deadline to release its fourth quarter ended Dec 31, 2023 (4QFY2023) results, Country Heights Holdings Bhd (CHHB) is likely to be slapped with a trading suspension.

It also announced the signing of an integrated logistics services agreement with Sharp Electronics (Malaysia) Sdn Bhd for the provision of warehousing, storage and handling services.

Paragon Globe Bhd has signed a memorandum of understanding (MOU) with Solarvest Holdings Bhd to jointly develop a solar-ready factory and green industrial township in Johor Bahru.

Melaka-based tourism-themed developer Yong Tai Bhd has reinstated Datuk Wira Boo Kuang Loon as its chief executive officer (CEO), nearly nine months after his initial resignation on May 10, 2023.

Haily Group Bhd has bagged a RM45.8 million contract to build 120 double-storey houses in Kulai, Johor, from a subsidiary of IOI Properties Bhd.

The imminent service tax hike and the implementation of luxury goods tax this year could weigh on consumers’ sentiment, but the impact is yet to be seen for CapitaLand Malaysia Trust (CLMT), said the trust’s chief executive officer Tan Choon Siang.