It is not immediately clear if Zainal Iskandar, 48, is retaining his CEO position.

Mah Sing said its wholly-owned subsidiary Klassik Tropika Development Sdn Bhd is selling the plot located in Pykett Avenue to Morningjoy Sdn Bhd.

"This has once again proven that Mah Sing’s affordable M Series is the right strategy for us."

Leong said this will also enhance its IT features to bring maximisation of end results.

KSL said the plot will be used for a residential development project to further enhance its presence in the property market in Johor.

Retail trade value rose 37.5% and wholesale trade value grew 20.6%.

WBSB is principally involved in construction and integrated facilities management activities.

Parkson Holdings Bhd's 54.97%-owned subsidiary, Parkson Retail Group Ltd (PRG), is to sell commercial properties with an aggregate construction area of 76,013 square metres in Qingdao, China for 280 million yuan (RM182 million).

Lim Seong Hai Capital Bhd (LSH Capital) has entered into a collaboration agreement with Gamuda Bhd to boost construction efficiency through promoting the use of digital industrial building system (IBS) in the construction industry.

Property developer Encorp Bhd has teamed up with Touch Group Holdings Sdn Bhd to jointly develop a 4.97-acre piece of land in Kuantan, Pahang into a mixed development featuring retail lots, serviced apartments and a car park podium.