Construction firm MGB Bhd’s (KL:MGB) net profit rose 21.76% to RM14.44 million in the fourth quarter ended Dec 31, 2024 (4QFY2024) from RM11.86 million a year earlier, lifted by other income, despite recording lower revenue.
Practice Note 17 (PN17) company Perak Corp Bhd (KL:PRKCORP) has proposed a regularisation plan that consists of a capital reduction, joint development project, RM89.6 million in land sales, RM40.38 million entitlement from a joint development, and preference share issuance to settle debt owed to creditors.
Systech said the high-tech infrastructures include technology parks, data centres, hydrogen energy, and artificial intelligence (AI) solutions.
Cahya Mata Sarawak Bhd’s (KL:CMSB) net profit jumped 85.04% to RM65.8 million in the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM35.56 million a year ago, lifted by improved business segments and better other income.
Crowne Plaza Penang Straits City officially opened on Tuesday, marking the first completed phase of the Straits City waterfront master development in Butterworth, Penang.
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Eco World Development Group Bhd (EcoWorld Malaysia) (KL:ECOWLD) has taken full control of a firm developing properties in Puncak Alam by acquiring the Employees Provident Fund's (EPF) 40% stake in the firm.
Noteworthy:
When: August 2024
GDB said an adjudicator ruled that KSK Land’s unit Damai City Sdn Bhd (DCSB) has to pay GDB's unit Grand Dynamic Builders Sdn Bhd (GDBSB) a total of RM82.67 million, pursuant to GDB’s notice of adjudication on Oct 4, 2024.
He indicated that every unit in EdgeWood Residence has sufficient sunlight.
Meanwhile, the final phase, Edelweiss Serviced Residences, SOFO and Shoppes, is provisionally GBI Silver-certified.
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