News by shazni Ong

Thriven Global Bhd is acquiring 4,700 sq metres of freehold land in Butterworth that has been approved for the development of serviced apartments.

Glomac Bhd’s net profit tripled to RM5.18 million for the first quarter ended July 31, 2022 (1QFY23), from RM1.73 million a year earlier, on higher revenue contribution from increased sales and construction activities.

The IMTN programme comes together with an Islamic commercial papers programme, and together they have a combined aggregate limit of up to RM4 billion in nominal value.

Jiankun International Bhd has been offered to be the main contractor of a RM90 million development project located in Sentul by a unit of Menara Rezeki Sdn Bhd.

Global Oriental Bhd is acquiring three shop units in Bukit Ceylon, Kuala Lumpur for RM30 million, as part of its development of a 39-storey premium service residence project.

Mah Sing said its wholly-owned subsidiary Klassik Tropika Development Sdn Bhd is selling the plot located in Pykett Avenue to Morningjoy Sdn Bhd.

Lim Seong Hai Capital Bhd (LSH Capital) has entered into a collaboration agreement with Gamuda Bhd to boost construction efficiency through promoting the use of digital industrial building system (IBS) in the construction industry.

Construction player Haily Group Bhd has won a second contract worth RM17.5 million from Mah Sing Group Bhd in less than a year to build 108 double-storey terrace homes in the latter’s largest integrated township in the Eastern Gateway of Iskandar Malaysia, Johor.

Majuperak Holdings Bhd on Tuesday (Sept 6) clarified that the garden leaven accorded to its outgoing group chief executive officer cum executive director Nizran Noordin is based on a mutual agreement between the board and Nizran.

SMRT Holdings Bhd is acquiring eight adjoining units of four storey terrace shop and office properties located in Kota Kinbabalu, Sabah for RM14.7 million, partly for future rental income and potential capital appreciation.