News by theedgemarkets.com

Malaysia’s inflation may have peaked in August as the impact of price adjustments for various price-administered items and minimum wage hikes could have been fully reflected since May, said economists.

Malaysia’s second richest man, Tan Sri Quek Leng Chan, has emerged as a substantial unitholder in AME Real Estate Investment Trust (REIT) after acquiring 29.1 million shares in the REIT over two days.

Sime Darby Bhd has proposed the sale of another parcel of land in Malaysian Vision Valley (MVV) as part of its move to monetise its assets in the Negeri Sembilan-based economic region.

Konsortium Transnasional Bhd (KTB) has bagged a RM41.01 million contract for earthworks and building, internal and major infrastructure works for a Perumahan Rakyat 1Malaysia (PR1MA) Pahang mixed development in Lipis, Pahang.

Property developer EcoFirst Consolidated Bhd has proposed to acquire the remaining 49% stake in a subsidiary that owns 4.18 acres of land in Sungai Besi for RM78.4 million.

It is selling the 9.78-acre plot to Jantoco Realty Sdn Bhd (JRSB) — a wholly owned subsidiary of Harrisons Holdings (Malaysia) Bhd that is principally engaged in property investment and management

Axis Real Estate Investment Trust (REIT) is acquiring an industrial facility located in Kapar, Klang for RM41 million cash.

Real estate company Mulpha International Bhd received an unconditional voluntary takeover offer notice at RM2.30 a share on Friday (Sept 23) from several joint offerors.

YNH Property Bhd proposes an asset-backed securitisation exercise to raise up to RM500 million fresh capital, seven months after it issued Islamic sukuk to raise RM323 million.

UEM Sunrise Bhd said it is collaborating with two units of Petroliam Nasional Bhd (Petronas) in areas relating to sustainability, renewable and green energy, carbon emission solutions, as well as exploration of green mobility.