News by Luqman Amin

As of July 3, the issued share capital of Crescendo was 280.46 million including 1.04 million treasury shares.

Eversendai Corp Bhd (KL:SENDAI) has teamed up with a unit of Abu Dhabi-based Emirates Steel Arkan Group (ESA), for the development of the Trojena Ski Village project in Saudi Arabia.

Construction company Ingenieur Gudang Bhd (KL:INGENIEU) reported a net profit of RM6.48 million for the second quarter of its financial year 2024 (2QFY2024), driven by gains from asset disposals and higher construction revenue.

Builder Haily Group Bhd (KL:HAILY) has secured a RM76.65 million contract to construct 171 units of link houses in Kempas Baru, Johor Bahru.

Penang-based property developer Ewein Bhd's (KL:EWEIN) shares will be traded under its new name, Skygate Solutions Bhd (KL:SKYGATE), effective Friday.

Property developer GD Group has ventured into industrial park development, launching the Sikamat Industrial Park in Vision Valley 2.0, Negeri Sembilan.

Integrated construction and property company PTT Synergy Group Bhd (KL:PTT), which recently announced a one-for-one bonus issue exercise, is acquiring two parcels of land with semi-detached factories in Selangor from Sime Darby Property Bhd (KL:SIMEPROP) for RM22 million in cash.

Construction company Vestland Bhd (KL:VLB) is acquiring office suites in Selangor and industrial warehouses in Sabah, for a total of RM25 million.

Real Estate and Housing Developers’ Association Malaysia (REHDA) has called for building industry players to be excluded from paying the levy imposed by the Human Resource Development Corp (HRD Corp).

This is because the conditions precedent in the agreement between Econframe and the seller of the stake, ETA Industries Sdn Bhd, had not been fulfilled within the specified timeframe.