News by theedgemalaysia.com

Grand Central Enterprises Bhd's (KL:GCE) major shareholders failed in their bid to take the hotel operator private, after the proposal was rejected by minority shareholders at an extraordinary general meeting (EGM) on Friday.

Kein Hing International Bhd (KL:KEINHIN) is acquiring a semi-detached factory with offices for RM5.9 million in cash. 

PGF Capital Bhd’s (KL:PGF), which mainly manufactures insulation products, said on Friday that it is buying a piece of land in Kedah for RM40 million to be developed into a factory.

Binastra Corp Bhd (KL:BNASTRA) said on Thursday its second-quarter net profit rose 171.4% from a year earlier, as higher construction work activities and commencement of five new projects during the period led to its revenue surging 157.5% to RM230.9 million.

Bina Darulaman Bhd (KL:BDB) has announced the resignation of Messrs KPMG PLT as its external auditor.

Chin Hin Group Bhd (KL:CHINHIN)’s founder Datuk Seri Chiau Beng Teik has ceased to be a substantial shareholder in NCT Alliance Bhd (KL:NCT) after selling a 3.58% stake in the construction and property development company.

Ecobuilt Holdings Bhd (KL:ECOHLDS), which is under an ad-interim liquidator, said on Thursday that it has bagged a RM190 million contract to undertake a construction job.

IOI Properties Group Bhd (KL:IOIPG) is going to launch its IOI Industrial Park at Banting, Selangor by the second quarter of next year and is planning another one in Melaka that is expected to be launched two quarters later.

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

Hextar Technologies Solutions Bhd (KL:HEXTECH) is in exclusive talks with Widad Group Bhd (KL:WIDAD) to dispose of five adjoining plots of vacant industrial land in Negeri Sembilan at a yet-to-be-determined price.