Northeast to acquire two land parcels in Penang for RM16.35m to expand capacity

Precision component manufacturer Northeast Group Bhd (KL:NE), which debuted on the ACE Market last October, is acquiring two leasehold properties in Seberang Perai Tengah, Penang for RM16.35 million, as part of its plan to accelerate production capacity expansion amid construction delays for its new factory.

June 24 for appellate court verdict on Semantan Estate vs Government case

The Court of Appeal (COA) on Friday has fixed June 24 to deliver its decision over the Federal Territory Land Registrar’s appeal over having to register the 263.272-acre prime Kuala Lumpur land known as the “Duta enclave” back to Semantan Estate (1952) Sdn Bhd, following a High Court decision last August.