News by shazni Ong

The first contract is for the construction of a new chip assembly and testing facility with a value of RM341.39 million, while the second contract is for the construction of a 45-storey Maritime Signature commercial tower located at Karpal Singh Drive in Georgetown, valued at RM80.79 million.

Gamuda Bhd has announced a special interim dividend of 38 sen per share, just over a month after the engineering, property and infrastructure company successfully completed its divestment of four of its highways to Amanat Lebuhraya Rakyat Bhd (ALR).

Looking ahead, SunCon foresees its precast segment will contribute more to the group's financials in the near future with the integrated construction and prefabrication hub plant targeted to be commissioned by December this year.

For the property development division, Kobay expects positive performance in FY23, on the back of completion of its maiden Langkawi projects by year-end.

Hektar Real Estate Investment Trust (Hektar REIT)’s third quarter net property income (NPI) rose 77.2% to RM18.31 million from RM10.34 million a year earlier, mainly due to higher revenue recognition and improved NPI margin, besides reversal of impairment losses of trade receivables.

This was mainly attributable to higher contribution from the property development division and lower loss incurred by the hospitality division.

Shares in Signature International surged as much as 36 sen or 13.7% to RM2.98, while Chin Hin climbed to an intraday high of RM3.39, up 24 sen or 7.6%.

Impiana Hotels Bhd’s wholly-owned subsidiary Impiana Cherating Sdn Bhd has been served a winding up petition by Axventure Sdn Bhd over an unpaid amount relating to the redevelopment of a resort.

This is in respect of the net profit after tax and non-controlling interests of RM74.8 million in the AFS FY22 as announced on Monday (Nov 7), compared with the RM66.4 million in the 4QFY22 unaudited financial results announced on Aug 30.

Mitraland Group founder and chief executive officer Chuah Theong Yee has emerged as a new substantial shareholder of Eonmetall Group Bhd.