KUALA LUMPUR (Jan 17): Stocks associated with businessman Datuk Dr Yu Kuan Chon continued to endure selling pressure, with both Rapid Synergy Bhd and YNH Property Bhd hitting limit down once again shortly after Wednesday’s trading began. At the time of writing, Rapid Synergy shares plummeted by RM1.69 or 29.91% to RM3.96 from its previous…
Read MoreKUALA LUMPUR (Jan 17): Global real estate agency network IQI and a member of Juwai IQI, celebrated its move into its newly constructed offices at Millerz Square on Old Klang Road with a grand opening ceremony yesterday. The new facility will be known as “Asia Pacific Command Centre” and the new global technology hub. Millerz…
Read MoreKUALA LUMPUR (Jan 17): Advancecon Holdings Bhd has secured RM21.19 million in subcontract work from China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL). The group’s 51%-owned indirect unit Spring Energy Sdn Bhd accepted the subcontract from CCC-ECRL on Wednesday for the construction and completion of subgrade works, Section 8 from CH518+388.00 to CH519+000.00, according to a…
Read MoreThe housing and local government ministry said that as of Sept 2023, a total of 301 projects or 38,752 housing units with a gross development value of RM28.88 billion have been revived. PETALING JAYA: The property market in the country will continue to strive and see more positive outcomes in 2024, said the Malaysian…
Read MoreKUALA LUMPUR (Jan 16): Econframe Bhd has acquired industrial property builder ETA World Sdn Bhd for a purchase consideration of RM56 million. In a statement on Monday, the total door system solutions provider said it has entered into a conditional share sale agreement with ETA Industries Sdn Bhd for the proposed acquisition. According to the…
Read MoreKUALA LUMPUR (Jan 16): Battersea Power Station saw a 30% year-on-year increase in footfall in December 2023, bringing the total visitors for the year to 11.2 million. In a statement issued by Battersea Power Station Development Company, the development, which opened to the public on Oct 14, 2022, saw strong footfall over the Christmas period,…
Read MoreKUALA LUMPUR (Jan 16): EVD Bhd on Monday said its wholly-owned unit, EVD Engineering Sdn Bhd (EVDE), is being sued over a claim of RM600,292 by a subcontractor for the supply of civil and structural building works. This comes after EVD announced on Jan 11 that the subcontractor, North Line Eng (M) Sdn Bhd, had…
Read MoreKUALA LUMPUR (Jan 15): MGB Bhd, a subsidiary of LBS Bina Group Bhd, has promoted its executive vice chairman, Tan Sri Lim Hock San (pictured), to group executive chairman with effect from Monday. Lim, 66, succeeds Datuk Abdul Majit Ahmad Khan, 78, who has resigned as the group’s independent and non-executive chairman. He was appointed…
Read MoreKUALA LUMPUR (Jan 16): Kerjaya Prospek Group Bhd’s wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd has secured an RM111.8 million job to develop a residential development project in Mukim Setapak, Kuala Lumpur. The construction firm said in a statement on Tuesday the project entails the construction of a 52-storey main building works, comprising of a…
Read MoreKUALA LUMPUR (Jan 12): Eonmetall Group Bhd’s wholly owned subsidiary Eonmetall Land Sdn Bhd (ELSB) has received a notice of award and offer for compensation from the district and land office of Klang for invoking the compulsory acquisition of 0.9 hectare of industrial land for RM30.41 million. In a filing with Bursa Malaysia on Friday,…
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