News by TheEdgemarkets.com

Master Builders Association Malaysia (MBAM) has announced its Budget 2023 wishlist, urging the government to boost the construction sector with more projects, according to a statement released on Monday (Sept 26).

Property developer Encorp Bhd is diversifying into silica mining, which it sees as having a “huge future potential”.

Dairy producer Farm Fresh Bhd has obtained the state authority's consent for the transfer of a freehold industrial land in Bandar Baru Enstek, Negeri Sembilan to the group to set up a manufacturing hub.

Gamuda Bhd’s net profit increased 19.89% to RM255.24 million for the fourth quarter ended July 31, 2022 (4QFY22), from RM212.88 million a year earlier, on the back of improved earnings in the construction and property divisions.

Loss-making Nexgram Holdings Bhd is acquiring Wings By Croske Resort Langkawi for RM90 million, to be paid via issuance of preference shares by its subsidiary Medic Asset Group Sdn Bhd (MAG).

Scientex Bhd's net profit slipped 12.4% to RM124.98 million in the fourth quarter ended July 31, 2022 (4QFY22) from RM142.65 million, hit by higher tax and interest expenses amid margin compression in its property segment.

Plywood products maker Annum Bhd (formerly Cymao Holdings Bhd), has inked a preliminary agreement to appoint Koperasi Belia Nasional (Kobena) as an agent to get its members to purchase all 130 single-storey terrace homes of a residential project which it is developing in Perak.

SRC International Sdn Bhd and two of its subsidiaries have settled their RM1.43 million suit against Putrade Property Management Sdn Bhd, which manages the World Trade Centre Kuala Lumpur, amicably.

Ageson Bhd is selling 9.33 acres of freehold land in Gombak, Selangor to Koperasi Belia Nasional Bhd for RM35 million cash.

S P Setia Bhd and Tenaga Nasional Bhd (TNB) kick-started their green initiative partnership with the installation of solar panels on the developer's corporate headquarters in Setia Alam, Shah Alam at a commencement signing ceremony on Wednesday (Sept 28). This is the first phase of S P Setia's green initiatives in partnership with TNB.