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KUALA LUMPUR (July 11): Grand-Flo Bhd has changed its name to NCT Alliance Bhd. Executive chairman and group managing director Datuk Seri Yap Ngan Choy said the new corporate name is in line with the group’s aspiration to position NCT Alliance as a leading property developer with specialisation in the rehabilitation of abandoned projects. It marks a new beginning for us as we leverage on our core capabilities in the property sector. “The recent acquisition is the first step towards becoming one of the top 10 developers in the country,” he said in a statement today. To date, NCT Alliance has undertaken several property development projects, including Grand Ion Majestic (GIM), Grand Ion Delemen (GID), Mahkota Kampar, and Acacia Residences. ....
Bursa Malaysia rebounded from last week's losses to open firmer today as investors heaved a sigh of relief after learning that most businesses and factories are allowed to operate under the tightened movement control order (MCO 3.0). ....
KUALA LUMPUR (March 6): As the penny stock fever cools, trading interest appears to have shifted to small- and mid-cap companies, with more share price spikes seen across this segment recently. One company whose shares were among the most sought after this week was loss-making IT company Dataprep Holdings Bhd. Over the week, Dataprep shares jumped 92.79% or RM1.03 to emerge as the top gainer in percentage change, being only second behind Malaysia Pacific Industries Bhd (MPI) in terms of weekly change by value. The counter breached the RM2 mark this week and hit a record high of RM2.27 before settling at RM2.14 on Friday, which gave the group a market capitalisation of RM1.29 billion. ....
KUALA LUMPUR (March 2): Based on corporate announcements and news flow today, companies in focus on Wednesday (March 3) may include Tenaga Nasional Bhd (TNB), UWC Bhd, Grand-Flo Bhd, CB Industrial Product Holdings Bhd (CBIP), Advancecon Holdings Bhd, TH Heavy Engineering Bhd (THHE), Techfast Holdings Bhd, Kanger Holdings Bhd and Mieco Chipboard Bhd. Tenaga Nasional Bhd ( TNB) via wholly-owned subsidiary TNB Renewables Sdn Bhd has entered into a binding term sheet of collaboration with Singapore-based Sunseap Group to tap into the renewable energy (RE) and corporate power purchase agreement (PPA) market in Singapore. TNB president and chief executive officer Datuk Baharin Din said in a statement that the collaboration is timely, in anticipation of the tender launched by Singapore’s Energy Market Authority for a trial of the Malaysia-Singapore cross-border energy supply. The launch is expected to take place this month (March 2021), he said. ....
KUALA LUMPUR (March 2): Grand-Flo Bhd is planning to buy two properties in Genting Highlands the land and project development rights of an ongoing mixed development known as Grand Ion Majestic (GIM), and the adjacent serviced apartments and commercial lots of a completed project known as Grand Ion delemen (GID) for RM422.89 million. It is buying the properties from Galeri Tropika Sdn Bhd (GTSB), which is majority owned by NCT Building & Civil Engineering Sdn Bhd (NCT BCE), a wholly-owned unit of NCT Venture Corp Sdn Bhd, in which Grand Flo s executive chairman and group managing director Datuk Seri Yap Ngan Choy holds 80% and his brother Datuk Yap Fook Choy holds 20%. ....