News by theedgemalaysia.com

Tropicana Corp Bhd (KL:TROP) has redesignated its group chief executive officer Datuk Mark Victor Rozario as a non-independent non-executive director.

Mah Sing Group Bhd (KL:MAHSING) announced on Friday that it is seeking new partners to develop data centre facilities on 17.55 acres of freehold land in Southville City, Bangi, after talks with Bridge Data Centres lapsed.

Minority shareholders of Eco World International Bhd or EWI (KL:EWINT) have been advised to support the property developer’s proposals, including ending its collaboration with Eco World Development Group Bhd (KL:ECOWLD), to pave the way for entry into the Malaysian real estate market.

Avaland Bhd (KL:AVALAND) reported a 4.7% drop in net profit for the first quarter ended March 31, 2025 (1QFY2025), mainly due to lower earnings from completed projects like Aetas Damansara and Alira Subang.

Manufacturing, property development and construction outfit PRG Holdings Bhd (KL:PRG) is exiting the confinement services business by disposing of its entire 26.21% equity interest in Esther Postpartum Care Sdn Bhd (EPC) for RM1, in line with the group's strategic move to focus on its core business operations.

IJM Corporation Bhd’s (KL:IJM) net profit for the fourth quarter was down almost 30% to RM128.95 million, mainly due to a RM54 million expected credit loss related to the West Coast Expressway.

Chin Hin Group Bhd (KL:CHINHIN) saw its first-quarter net profit double, mainly on contributions from kitchen and wardrobe maker Signature International Bhd (KL:SIGN) and a turnaround in its loss-making property development segment.

Amanahraya Real Estate Investment Trust (AmanahRaya REIT) (KL:ARREIT) is acquiring an industrial building, measuring 132,700 sq ft, in Telok Panglima Garang, Selangor for RM39 million.

Construction outfit Vestland Bhd (KL:VLB) on Thursday secured a RM156.91 million contract to undertake the construction of a 51-storey serviced apartment block in Kuala Lumpur.

The Attorney General’s Chambers (AGC) told the High Court it wants to be heard in a contempt case filed by former KL Tower operator Hydroshoppe Sdn Bhd and Menara Kuala Lumpur Sdn Bhd against government officials and the new KL Tower operators.