News by justin Lim

Recently-listed Vestland Bhd has bagged two construction contracts worth a combined RM200 million from subsidiaries of Tafi Industries Bhd.

This is the third contract award secured by Muhibbah in the last three months.

He will be taking over from the current CEO and MD, Liew Hau Seng, who has announced his intention to retire effective March 31.

Advancencon Holdings Bhd is collaborating with the Perak State Development Corporation (PKNPk) to initiate a pilot project for the development of centralised labour quarters (CLQ) in Perak, with the aim of supporting the growth rate of the state’s industrialisation and economic development.

YLI said the two pieces of land have a combined size of 4.675 acres, both located in Seberang Perai Tengah.

The conglomerate recorded earnings per share of 2.8 sen during the quarter under review, compared with 1.38 sen per share previously.

The property, known as The Heritage Tower @ Mines Wellness City, has a gross floor area of 29,886 sq metres and a net lettable area of about 14,167 sq metres

YNH announced the disposal sum of RM270.5 million for 163 Retail Park shopping centre in Mont’Kiara, Kuala Lumpur; and RM152 million for Aeon Seri Manjung in Perak.

This is the REIT's second cash call in less than a year after it completed a private placement on Dec 20, 2021, which raised gross proceeds of RM334.72 million.

The kitchen cabinet manufacturer said the entitlement date will be determined later.