Trading in the stock was also more active than usual, with volume nearly four times its 200-day moving average.

The share disposal slashed Tan’s total stake in Binastra to 57.3%.

Net profit more than doubled to RM7.32 million for the third quarter ended March 31, 2024 from RM3.28 million a year earlier.  

Net profit for the three months ended March 31, 2024 (1QFY2024) was RM32.40 million or 2.51 sen per share compared with RM27.83 million or 2.16 sen per share in the same quarter the prior year. 

KLK’s net profit fell 38.65% to RM117.07 million or 10.8 sen per share, from RM190.81 million or 17.70 sen per share a year earlier.

The number of foreign workers in the country should not exceed 15% of the 17.1 million labour force projected by the Ministry of Economy. 

Seri Pajam Development Sdn Bhd held a groundbreaking ceremony for SPD Tech Valley, their first industrial development in Senawang, Negeri Sembilan on Monday. The development has a gross development value of RM3 billion.

Ehsan Bina Group has formed a partnership through a Memorandum of Understanding (MOU) with Maybank Islamic Bhd to extend a financing programme called HouzKEY to buyers of ForestHill Residences, a high-rise residential project located in Damansara Perdana, Selangor.

The proposed Urban Redevelopment Act should also include inputs from property and facility managers, said Malaysian Institute of Property and Facility Managers (MIPFM) president Ishak Ismail.

RHB Investment Bank Research has maintained its 'buy' rating for Gamuda Bhd (KL:GAMUDA) at RM5.58, with a higher target price of RM6.55 (from RM6.30), and said it is upbeat on the prospects Ho Chi Minh City (HCMC) has for Gamuda’s property arm.