The value of RM27 million, negotiated on a willing buyer, willing seller basis, is in line with the independent market valuation of RM28.2 million commissioned by MTrustee. 

The group said it is seeking further business opportunities in the construction and property development industry.

However, AZRB clarified that AZSB is not a major subsidiary of the company, and it does not anticipate any financial or operational impact due to the petition.

Scientex said its wholly-owned subsidiary Scientex Heights Sdn Bhd has entered into a conditional sale and purchase agreement with Singapore-incorporated Guan Hong Plantation Pte Ltd for the proposed acquisition. 

The decline in net profit was attributed to the better gross margin previously amid the finalisation of development costs of Garden Terrace and South Tower in the group's Emerald Hills project in Cheras, and increased construction costs due to material price hikes.

IJM Seremban 2 recently visited six underprivileged families here to share Chinese New Year joy, “recognising the significance of family during this auspicious occasion”.

Eastern & Oriental Bhd’s (E&O) executive chairman Datuk Tee Eng Ho and his brother, executive director Tee Eng Seng, raised their stake in the property developer to 50.7% via the conversion of irredeemable convertible unsecured loan stocks (ICULS).

Practice Note 17 (PN17) company Perak Corp Bhd is looking to raise RM63.5 million by entering into an early settlement of its entitlement over a 247.85-acre joint development project with ARX-YSC Sdn Bhd at Muallim, Perak.

Jiankun International Bhd’s wholly owned unit JKI Development Sdn Bhd (JKID) has been hit with another lawsuit by a former joint venture (JV) partner Fivestar Development (Puchong) Sdn Bhd, demanding RM14.21 million in alleged unpaid sums.

Paragon Globe Bhd has signed a memorandum of understanding (MOU) with Solarvest Holdings Bhd to jointly develop a solar-ready factory and green industrial township in Johor Bahru.