News by Syafiqah Salim

Crescendo Corp Bhd (CCB) is buying three plots of land measuring 109.855 acres in Kota Tinggi, Johor, to expand its landbank.

Former Armed Forces Fund Board (LTAT) chairman Tan Sri Mohd Anwar Mohd Nor has been appointed chairman of Country Heights Holdings Bhd with immediate effect, succeeding tycoon Tan Sri Lee Kim Yew.

The expected date for the Practice Note 17 (PN17) company to submit its FY2022 annual report was Oct 31, 2022, but it was postponed twice to Nov 30 and later to Dec 30.

KLCCP Stapled Group Bhd has recorded a near four-fold rise in net profit to RM279.47 million for the fourth quarter ended Dec 31, 2022 (4QFY2022), from RM70.33 million a year earlier, boosted by strong recovery in the retail and hotel segments.

Mohamad Noor, 77, resigned due to personal reasons. 

Quarterly revenue increased by 18.34% to RM186.73 million compared to RM157.8 million.

The property developer has been loss-making since 1QFY2022.

Industrial mold manufacturer MQ Technology Bhd (MQ Tech) has proposed to diversify into property development.

Sunway Construction Group Bhd (SunCon) has won a RM218.76 million contract to build a 50 MW photovoltaic plant in Kampar district in Perak.

This is despite some investment analysts seeing an increase in the overhang of both residential and commercial properties, although the home price index has begun to soften in 2022.