News by Syafiqah Salim

MGB Bhd has bagged another housing contract in Dengkil, Selangor from a unit of its major shareholder LBS Bina Group Bhd.

In a Bursa Malaysia filing on Wednesday, KPower said 4.85% of the gross development value will be attributable to the state's affordable housing fund, which is under the purview of the housing department of Terengganu's state secretary

Datuk Seri Koe Peng Kang (pictured) will be stepping down from his post as S P Setia Bhd’s deputy president and chief operating officer (COO) to “pursue interests outside the organisation”.

IJM Corp Bhd marks its first foray into the industrial and logistics market by partnering with China Harbour Engineering Company Ltd (CHEC) to develop a mixed development and logistics hub in Kuantan.

Chin Hin Group Bhd, which was slapped with an unusual market activity (UMA) query on Tuesday (Aug 2), responded to Bursa Securities' query that it is unaware of any corporate development relating to the group's business and affairs apart from the proposed sale of a 19.34% stake in Solarvest Holdings Bhd, as well as the one-for-one bonus issue of Chin Hin shares.

The recovery momentum for IGB Real Estate Investment Trust (REIT) is expected to continue, despite several headwinds such as the overnight policy rate (OPR) hike as well as inflationary pressure, according to analysts.

Chin Hin Group Bhd shares hit a new record high of RM4.51 on Tuesday (July 26) morning, ahead of the group's upcoming extraordinary general meeting on Aug 4 over the proposed sale of a 19.34% stake in Solarvest Holdings Bhd, as well as a one-for-one bonus issue.

The MoU — for a period of two years — includes the provision of decarbonisation service to NCT Land's local facilities, Solarvest said in a bourse filing on Wednesday (July 20).

The dividend, with an ex-date of Aug 24, will be paid on Sept 12, according to the Penang-based property developer’s filing with Bursa Malaysia.