News by syafiqah Salim

The property development arm of the Hong Leong Group posted earnings per share of 0.56 sen compared with earnings per loss of 1.7 sen previously.

This will allow construction work on Section C2 — which starts in Gombak and passes through Serendah, Puncak Alam and Kapar before ending in Port Klang — to begin in the first quarter of 2022.

Currently, KIESB holds ownership of an industrial land located in Kapar, Klang measuring 18,364 square metres.

With the approval, HIL Industries will partner Unik Sejati Sdn Bhd, Pembinaan Kesentosaan Sdn Bhd and Amverton Carey Golf & Island Resort Sdn Bhd to develop residential developments with an estimated gross development value (GDV) of RM471.1 million on 40.9 hectares land in Selangor.

"Setia City Healthcare is incorporated under the Companies Act 2016 as a private company limited by shares with an issued and paid-up share capital of RM100 comprising 100 ordinary shares," S P Setia said in a Bursa Malaysia filing on Wednesday.

Lim, 64, who currently holds 162.21 million direct shares in the group, resigned in view of his other commitments, according to a bourse filing. Lim had acquired the shares in Tropicana in October 2017 from Tan Sri Danny Tan Chee Sing and his two related companies, Golden Diversity Sdn Bhd and Aliran Firasat Sdn Bhd.

The land, belonging to Hartanah Idaman (M) Sdn Bhd, is located within walking distance of the IOI Puchong Jaya LRT station and IOI Shopping Mall, the property developer said in a filing with Bursa Malaysia.

The first job is a sub-contract worth RM188.8 million for the Kota Bharu-Kuala Krai highway construction project. The second is a RM110.02 million sub-contract to upgrade the Bukit Selambau water treatment plant in Kedah; the third is a RM75.01 million job to upgrade the Sungai Limau water treatment plant, also in Kedah.

In anticipation of a better year, the group is targeting to launch RM2.4 billion worth of properties in 2022, 71% more than the RM1.4 billion in new properties launched in 2021.

Hap Seng, via its wholly-owned Sierra Positive Sdn Bhd, has inked an agreement with Naza TTDI Sdn Bhd’s unit TTDI KL Metropolis Sdn Bhd (TLKM), to buy the land known as Met 3, Plot 7A, KL Metropolis, measuring 668,212.79 square feet. Naza TTDI is 80%-owned by Naza Corp Holdings Sdn Bhd (NCH)