Loss-making construction company Ecobuilt Holdings Bhd (KL:ECOHLDS) has proposed a share capital reduction to wipe out its accumulated losses, as well as a rights issue to raise fresh capital.

Taghill Holdings Bhd (KL:TAGHILL) said it is not proceeding with a RM38.88 million contract to build a 15-storey columbarium in the city centre due to escalating material costs.

Noteworthy:

• Freehold
• Built-up size: 1,800 sq ft
• Floor level: Mid
• 3 bedrooms, 2 bathrooms
• Fully furnished
• Nearby amenities: TERKL, KLCC Park, Perdana Botanical Gardens, Pavilion KL, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang, Central Market, schools
• Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH, Jalan Ampang, Jalan Tun Razak

When: August 2024

TH Plantations Bhd’s (KL:THPLANT) said its 60%-owned unit TH Pelita Simunjan Sdn Bhd is being sued for RM230.25 million for allegedly trespassing on native land.

Noteworthy:

• Freehold
• Land size: 9,387 sq ft
• Nearby amenities: MRT Semantan, MRT Pusat Bandar Damansara, Pavilion Damansara Heights, DC Mall, The Five @ KPD, Plaza Damansara, schools, HELP University, National Science Museum, KLGCC
• Accessibility: SPRINT - Damansara Link and Kerinchi Link, Jalan Tuanku Abdul Halim, Jalan Semantan, LDP, Jalan Damanlela

When: December 2024

Trinity Pentamont has won the prestigious Silver Award for design excellence (micro scale development) in the compact strata development (Below 20 acres) category at the Malaysian Institute of Planners Planning Excellence Awards (MIPPEA) 2024.

Tropicana Corp Bhd recently took home Gold at the Putra Aria Brand Awards 2024, the third win for the property developer and its second Gold achievement since the award's inception.

Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) have agreed to have another six months to discuss a merger deal worth RM450 million.

Manpower shortages as well as regulatory and logistical hurdles will be among the challenges faced by the Johor-Singapore Special Economic Zone (JS-SEZ).

Sarawak Consolidated Industries Bhd (KL:SCIB) has denied allegations by Awana JV Suria Saga Sdn Bhd (Awana), the developer of the previously scrapped RM162 million Perak housing project, regarding outstanding debts and demanded the latter to settle the debt promptly.