News by Syafiqah Salim

The group also attributed the lower net loss to higher contributions from West Village and Yarra One, which were partially offset by lower realised and unrealised gain on foreign exchange and other income.

The group, via wholly-owned unit Siangtronics Technology Sdn Bhd, entered into an agreement with manufacturer of industrial equipment SRM Integration (Malaysia) Sdn Bhd for the sale of the two-storey factory-cum-office building.

The group, via its wholly-owned unit Advancecon Infra Sdn Bhd (AISB), has accepted the Letter of Acceptance from Sime Darby Property (Bukit Raja) Sdn Bhd for the appointment of AISB as the contractor for the proposed construction and completion of earthworks and other related works for the development of Phase 2 (R6, R8, R9, and C5) at Bandar Bukit Raja 2, Kapar district. 

Salehuddin, 58, is also the treasurer of Johor Heritage Foundation.

In a bourse filing, BLand said its 80%-owned subsidiary, BDS Smart City Co Ltd, has served a written notice on the Yangon Region Government (YRG) to terminate the concession agreement due to non-fulfilment of conditions. The agreement was signed on Feb 7, 2020.

Quarterly revenue rose 13.67% year-on-year (y-o-y) to RM537.42 million from RM472.78 million. The company proposed a first and final dividend of 2.65 sen per share, which is equivalent to a 4% dividend yield based on its closing price of 66 sen on Feb 24.

Quarterly revenue declined 26.1% to RM233.09 million from RM315.41 million mainly due to lower recognition from the group’s industrial and commercial product

In a trading stocks note today, the research house said if the bullish momentum persists above that level, the stock may climb towards the next resistance level of 56 sen, followed by 59 sen.

NWP Resources had defaulted on payment of outstanding rentals from October 2021 to February 2022, as well as service charges and default interest totaling RM2.6 million for the premise in Block A, Desa Commercial Centre, on Feb 8. 

The group, through its 80%-owned subsidiary NS Aero City Sdn Bhd, signed the MoC with Sun Solutino, which is principally involved in the generation of electricity by other sources (such as solar power and biofuels) with transmission, distribution and sale of electricity as its secondary activity.