KUALA LUMPUR (April 10): Ecobuilt Holdings Bhd (KL:ECOHLDS) has proposed to diversify into property development as well as the trading of building materials, a move that the company expects to contribute at least 25% of its net profit in the future. UOB Kay Hian Securities has been appointed as the adviser for the proposed diversification. The construction works operator said the diversification will complement its construction business, thus reducing reliance on any single business segment. Still, Ecobuilt flagged the risk that the property development and construction business is subject to various laws, regulations and requirements imposed by governmental and regulatory authorities. In addition, the trading of building materials business may be subject to regulatory requirements relating to business registrations, import or distribution approvals and product standards.

Source: The Edge Markets April 10, 2026 13:12 UTC