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Pasdec expects net gain of RM68 mil from Kuantan land sale

Property developer Pasdec Bhd (KL:PASDEC) is expected to realise an estimated net gain of RM68.38 million from the proposed sale of industrial land in Kuantan, Pahang to Petroluxe Refinery (M) Sdn Bhd (PRSB) for RM73.5 million.

DONE DEAL: Shoplot, Kawasan 18, Klang, Selangor

Noteworthy:

  • Freehold
  • Built-up size: 3,500 sq ft
  • 3 bathrooms
  • Unfurnished
  • Nearby amenities: Sri KDU International School Klang, KPJ Klang Specialist Hospital, various small businesses, F&B outlets, and residential areas
  • Accessibility: Federal Highway, Selat Klang Highway, NKVE, Jalan Kapar. Jalan Klang-Teluk Intan

When: October 2024

Ahmad Zaki founder Wan Zaki passes on

Tan Sri Wan Zaki Wan Muda, the founder of Ahmad Zaki Sdn Bhd (AZSB) and group adviser to Ahmad Zaki Resources Bhd (KL:AZRB), passed away on Tuesday evening at the age of 75.

GuocoLand's 1Q net profit more than halves on lower revenue

GuocoLand (M) Bhd's (KL:GUOCO) net profit more than halved to RM2.32 million in the first quarter ended Sept 30, 2024 (1QFY2025), from RM4.79 million a year earlier, as revenue fell on reduced contribution from the property development division.

Atlan's Singapore-listed unit unhappy with RM70m compensation for compulsory acquisition of land, to file objection to High Court

Atlan Holdings Bhd's (KL:ATLAN) 75.53%-owned subsidiary Duty Free International Ltd (DFIL) (5SO.SI), which is listed on the Singapore Exchange, said it is not satisfied with the RM69.9 million compensation for two pieces of land in Bukit Kayu Hitam, Kedah, that Malaysia's Ministry of Home Affairs (KDN) has compulsorily acquired for a road construction project.