IJM (KLSE:IJM) said its unit IJM Properties agreed to dispose of a piece of land together with a single-story building for 47.5 million ringgit.
The property, located in Sabah, Malaysia, will be sold to Coupang, the asset-holding company of the Econsave Cash & Carry, according to a Friday Malaysian bourse filing.
The deal is expected to close by the third quarter, the conglomerate said.
Proceeds will be used to pay off expenses and boost working capital.
Indian benchmark indices ended sharply lower on Friday after a late-session selloff erased earlier stability, as investors turned cautious amid lingering uncertainty over a potential U.S.-Iran agreement.The BSE Sensex dropped 1,092.05 points, or 1.4%, to close at 74,775.74, while the NSE Nifty 50 fell 359.40 points, or 1.5%, to settle at 23,547.75.Market sentiment weakened in the final session of trade due to aggressive profit booking ahead of the weekend. Investor caution persisted despite reports indicating that the U.S. and Iran had agreed to extend their ceasefire and reopen shipping through the Strait of Hormuz. The proposed deal is reportedly awaiting approval from U.S. President Donald Trump.In corporate developments, Solar Industries India (NSE:SOLARINDS, BOM:532725) secured export orders worth 10.8 billion rupees from international clients for the supply of defense products over a three-year period.Steel Strips Wheels (NSE:SSWL, BOM:513262) reported fiscal fourth-quarter consolidated profit of 608.5 million rupees, compared with 606.6 million rupees a year earlier. Revenue from operations declined to 11.7 billion rupees from 12.3 billion rupees.
China rolls out guidelines for artificial intelligence metrology and related capacity-building measures, Xinhua News Agency reported Thursday.The guidelines, released by the State Administration for Market Regulation and the National Development and Reform Commission, will facilitate the expansion of AI capabilities beyond computing power and scale, the report said.Beijing's directive covers foundational support, general technology, core technology, metrological technical standards, the metrology service industry, and intelligent empowerment of metrology, according to Xinhua.
Ganesh Housing (NSE:GANESHHOUC, BOM:526367) consolidated profit fell to 613.6 billion Indian rupees in the fiscal fourth quarter from 1.65 billion rupees a year ago, according to an Indian bourse filing on Friday.Earnings per share in the quarter ended March 31 dropped to 7.36 rupees from 19.78 rupees a year earlier.The real estate company's revenue from operations plunged year on year to 950.6 million rupees from 2.51 billion rupees, the filing said.The company declared a final dividend of 1.50 rupees per share for the financial year ended March 31.Shares of Ganesh Housing were up nearly 2% at market close.