KUALA LUMPUR (Feb 18): Construction company GDB Holdings Bhd (KL:GDB) announced it has received a favourable adjudication decision in its dispute with KSK Land Sdn Bhd over payments to be paid following KSK Land’s termination of GDB’s unit as a main contractor for the 8 Conlay project. In a bourse filing on Tuesday, GDB said…
Read MoreKUALA LUMPUR (Feb 17): YNH Property Bhd (KL:YNHPROP) said Messrs UHY has completed the independent assessment of certain joint ventures (JVs) and turnkey contracts entered into by its wholly owned subsidiary Kar Sin Bhd. Barring any unforeseen circumstances, the property developer expects the final special independent review (SIR) report to be completed and issued by…
Read MoreKUALA LUMPUR (Feb 18): Two subcontractors involved in the construction of the Sungai Besi-Ulu Klang Elevated Expressway (SUKE) are suing a unit of Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), which is wholly owned by Permodalan Nasional Bhd (PNB), for over RM500 million. The subcontractors — Syarikat Muhibah Perniagaan dan Pembinaan Sdn Bhd (SMPP) and…
Read MoreKUALA LUMPUR (Feb 14): ALAIA Titiwangsa is set to be relaunched under the Windsor Collection, following the acquisition of Black Lotus Development Sdn Bhd, the project’s original developer, by Kenneth Lau, chairman of Multifield International Holdings Ltd, Hong Kong. The serviced apartment development with a gross development value of RM285 million located in Taman Tiara…
Read MoreChina to pay GUH Holdings RM119m for compulsory purchase of Suzhou industrial land In a filing on Thursday, GUH said its wholly-owned subsidiary GUH Circuit Industry (Suzhou) Co Ltd has entered into a compensation agreement with the Suzhou High-Tech Zone Shishan Business Innovation District Management Office (SHZ Management Office) for the compulsory disposal of the…
Read MoreThriven Global hit by arbitration claim over RM7.21 mil worth of alleged unpaid dues plus late interests Setiakon is claiming about RM4.43 million that it alleged is an outstanding amount that Mayfair has yet to pay, plus RM2.78 million of late interests. Mayfair is disputing the claimed amounts, according to Thriven’s filing with Bursa on…
Read MoreKUALA LUMPUR (Feb 13): Metro Healthcare Bhd (KL:METRO) is acquiring a four-storey shop office in Subang Jaya for a cash consideration of RM9.5 million to expand its business. The property is currently tenanted and operating as a private maternity hospital, with the proposed acquisition serving as another key asset in Metro’s expansion strategy, according to…
Read MoreKUALA LUMPUR (Feb 12): Pavilion Real Estate Investment Trust (Pavilion REIT) (KL:PAVREIT) reported a marginal increase of 0.2% in net property income (NPI) to RM134.86 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), compared with RM134.64 million in the previous corresponding quarter. In a filing with Bursa Malaysia on Wednesday, Pavilion REIT said…
Read MoreFrom engineer to real estate specialist: PropNex’s Lee Teck Han’s 18-year journey of perseverance Real Estate Negotiator Lee Teck Han has a simple yet powerful investment philosophy for homebuyers: Buy within your means. He cautions against overextending financially, emphasising that a home should be a source of enjoyment and peace of mind, not stress. PETALING…
Read MoreBinastra said this contract represents its first accomplishment for the new financial year ending Jan 31, 2026 (FY2026). The contract is expected to provide an additional income stream for the group during the financial year, it added. KUALA LUMPUR (Feb 12): Construction outfit Binastra Corp Bhd (KL:BNASTRA) has bagged a RM250.37 million contract to build…
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