Crest Builder wins RM18.36m arbitration award in payment dispute
The money was awarded to Crest Builder Sdn Bhd for certified sums, costs of idling and dayworks and retention sum.
The money was awarded to Crest Builder Sdn Bhd for certified sums, costs of idling and dayworks and retention sum.
Kumpulan Kitacon Bhd via its wholly-owned subsidiary Kitacon Sdn Bhd has accepted a letter of award (LOA) for main buildings and associated works from Boustead Balau Sdn Bhd, a subsidiary of Boustead Holdings Bhd.
Chin Hin Group Bhd’s net profit fell 24% to RM20.05 million for the first quarter ended March 31, 2023 (1QFY2023) compared to RM26.26 million a year earlier (1QFY2022).
Property developer YNH Property Bhd’s loss attributable to ordinary equity shareholders narrowed to RM1.27 million for the quarter ended March 31, from RM4.68 million in the previous quarter ended Dec 31, 2022.
Earnings per share also rose to 0.66 sen, from 0.04 sen for 4QFY2022.
Berjaya Land Bhd (BLand) posted a net profit of RM4.05 million in the third quarter ended March 31, 2023 (3QFY2023), versus a net loss of RM7.44 million a year earlier, on the back of higher revenue.
Property developer GuocoLand (Malaysia) Bhd’s net profit rose 29.42% to RM8.71 million in its third quarter ended March 31, 2023 (3QFY2023) from RM6.73 million a year earlier (3QFY2022).
Fitch Solutions sees Bank Negara Malaysia (BNM) at the end of its hiking cycle, leaving the overnight policy rate (OPR) on hold at 3% for the rest of 2023.
He had offloaded 50 million shares equivalent to a 10.2% stake via a direct business transaction on April 28 for 13 sen apiece.
PRG Holdings Bhd said its recent corporate exercise with Hong Kong-listed Furniweb Holdings Ltd will improve its financial liquidity and performance.