News by theedgemarkets.com

Robert will remain with the group in the role of a non-independent, non-executive director to facilitate the change in leadership during the transition.

The resumption of business activities contributed to a hike in revenue, especially in the distribution of building materials and logistics services division, as well as the concrete manufacturing division.

GenM posted RM11.38 million net profit or earnings per share of 0.2 sen compared with RM289.25 million net loss or loss per share of 5.12 sen in the same period a year ago.

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.

This is the 11th consecutive quarter of loss for the group since 3QFY20.

Hana Residences is slated for completion in the third quarter of 2025 and has a total gross development value of RM403 million.

This is the REIT's second cash call in less than a year after it completed a private placement on Dec 20, 2021, which raised gross proceeds of RM334.72 million.

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

The kitchen cabinet manufacturer said the entitlement date will be determined later.

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%.