News by M

KSK Group's ambitious pivot from insurance to property development has turned awry as its flagship 8 Conlay project—the group's maiden property venture—has been officially put up for sale.

Diversified group Ekovest Bhd (KL:EKOVEST) extended its quarterly streak in the red, but with a narrower net loss in the fourth quarter, helped by lower taxation.

GuocoLand is selling a Johor Bahru hotel and the land plot it sits on for RM150 million, and will book a net gain of RM35 million or S$11 million upon completion of the deal.

Lagenda Properties Bhd (KL:LAGENDA) has ceased to be a substantial shareholder of Northern Solar Holdings Bhd (KL:NORTHERN), less than seven months after the solar energy firm listed on the ACE Market.

Chin Hin Group Property Bhd (KL:CHGP) is acquiring a controlling 55% stake in a developer based in Nilai, Negeri Sembilan for RM9.37 million in cash, to strengthen its project portfolio with a mixed-used development in the state.

Piling and foundation specialist Econpile Holdings Bhd (KL:ECONBHD) said it has secured a RM23.46 million construction contract for a proposed apartment development in Puchong, Selangor. 

Crescendo Corporation Bhd (KL:CRESNDO) said on Friday that it has entered into an agreement with MSFusion Sdn Bhd for the disposal of freehold industrial land in Kota Tinggi, Johor, for RM263.2 million.

RHB Banking Group has formed a strategic partnership with OSK Property to introduce an overseas property financing solution tailored for Malaysian buyers.

Gamuda Bhd, whose core business is in engineering and construction, announced that its engineering unit has secured a RM2.14 billion contract to develop hyperscale data centres in Eco Business Park V, Selangor.

Builder cum developer Chin Hin Group Bhd's (KL:CHINHIN) net profit for the second quarter halved despite logging higher revenue, dragged by higher administrative expenses and the absence of a one-off gain recognised a year ago.