Latest news with #Y&G
The Star
12-08-2025
- Business
- The Star
Trading ideas: DRB-Hicom, Citaglobal, Critical Holdings, Carzo, Y&G, Hup Seng, Inta Bina, HCK Capital
KUALA LUMPUR: DRB-Hicom Bhd , Citaglobal Bhd , Critical Holdings Bhd , Carzo Holdings Bhd , Y&G Corp Bhd , Hup Seng Industries Bhd , HCK Capital Group Bhd , and Inta Bina Group Bhd are among the stocks to watch following their latest news. DRB-Hicom has proposed to acquire the entire equity interest in Spirit Aerosystems Malaysia Sdn Bhd for a purchase consideration to be determined based on an enterprise value of US$95.2mil. Citaglobal is acquiring a 70% stake in Zeqna Corporation Sdn Bhd for RM15mil and a 70% equity interest in Koridor Mentari Sdn Bhd for RM1, conditional upon the completion of Zeqna's acquisition. Critical Holdings has secured a contract worth RM40.76mil to undertake mechanical and electrical works for a new production floor fit-up, including cleanroom architecture and process utilities. Carzo Holdings Bhd faces possible delisting from Bursa Malaysia after failing to acquire a new core business within nine months, following its exit from fresh fruit distribution. It announced in November last year that it was ceasing its core business of distributing fresh fruits and fruit products. Y&G is acquiring four parcels of land totaling 462 acres in Selangor for RM395mil, including 95.02 acres in Sepang from Nurani Saujana for RM206mil and 367 acres in Kuala Selangor from Asian Regal Holdings for RM189mil. Additionally, Y&G said it was acquiring Konsep Wawasan Sdn Bhd for RM82mil. Hup Seng Industries reported a 5.7% decline in net profit to RM8.5mil for the second quarter ended June 30, down from RM9.03mil a year ago, with earnings per share falling to 1.06 sen from 1.13 sen. However, revenue increased 5.7% to RM84.8mil compared to RM80.2mil in the same period last year. HCK Capital is acquiring a third plot of land measuring approximately 1.2340 acres within the Setia City BizPark in Bukit Raja, Selangor, for RM19.35mil. Inta Bina has accepted a letter of award from GDP Architects Sdn Bhd, on behalf of 368 Segambut Sdn Bhd and a joint-venture between IJM Land Bhd and FCW Holdings Bhd , for main building works worth RM264.5mil.
The Star
11-08-2025
- Business
- The Star
Y&G buys four parcels of land in Selangor
PETALING JAYA: Y&G Corp Bhd is acquiring four parcels of land totalling 462 acres in Selangor for RM395mil. In a filing with Bursa Malaysia, the real estate developer said it was acquiring three parcels of land in Sepang measuring 95.02 acres from Nurani Saujana Sdn Bhd for RM206mil. It also said it was acquiring a parcel of land measuring 367 acres in Kuala Selangor from Asian Regal Holdings Sdn Bhd for RM189mil. Additionally, Y&G said it was acquiring Konsep Wawasan Sdn Bhd for RM82mil. 'The proposals are carried out as part of the ordinary course of business of Y&G as a property developer, with the aim of enhancing its landbank for future development, thereby ensuring continued development opportunities for the group going forward. The board is of the view that the proposals are in the best interest of the group,' it added.
New Straits Times
11-08-2025
- Business
- New Straits Times
Y&G Corp units buy four Selangor land parcels worth RM395 mln
KUALA LUMPUR: Y&G Corporation Bhd's wholly-owned subsidiaries, Nusa Wibawa Sdn Bhd and Duta Asiana Sdn Bhd, have acquired four parcels of land worth RM395 million. On the breakdown, Y&G said Nusa Wibawa has acquired three parcels of leasehold land in Sepang, Selangor, with a combined area of approximately 38.45 hectares, from Nurani Saujana Sdn Bhd for RM206 million. It added that Duta Asiana Sdn Bhd has purchased a parcel of land measuring 148.52 hectares in Kuala Selangor, Selangor, from Asian Regal Holdings Sdn Bhd for RM189 million. "Y&G has also acquired one million ordinary shares in Konsep Wawasan Sdn Bhd, representing 100 per cent equity interest in the company, for a cash consideration of RM82 million," it said in a filing to Bursa Malaysia today.
