News by Choy Nyen Yiau

Eco-Shop Marketing Bhd (KL:ECOSHOP) is facing a lawsuit from a property owner over alleged breach of a tenancy agreement and unauthorised demolition of premises in George Town, Penang.

In a Bursa Malaysia filing on Wednesday, the toy distributor said the outlet will operate arcade, card and prize machines, merchandise retail and related activities under a licensed brand.

Tan Sri Krishnan Tan will step down as chairman of IJM Corp Bhd (KL:IJM) after deciding not to seek re-election at the group’s upcoming annual general meeting (AGM).

CapitaLand Malaysia Trust (KL:CLMT) reported a 12.5% year-on-year increase in its second-quarter net property income (NPI), driven by stronger performance across its existing properties, coupled with lower property expenses.

Sime Darby Property Bhd (KL:SIMEPROP) lost its case for additional compensation from the government’s acquisition of its land for the West Coast Expressway project.

Data centres in Malaysia are currently using only about half of the electricity and water capacity approved for them, Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said.

Heavy selling emerged in the final hour of trading in shares of property developer Tanco Holdings Bhd (KL:TANCO) on Monday, extending the counter's losing streak to a fourth consecutive day as it hit limit-down.

Inta Bina Group Bhd (KL:INTA) said on Friday it has secured a RM227.08 million contract to carry out main building and infrastructure works for a mixed commercial strata development in Klang, Selangor.

Transport Minister Anthony Loke has ordered authorities to launch an investigation and take maximum punitive action against Prasarana Malaysia Bhd following the LRT derailment incident earlier on Thursday.

UEM Sunrise Bhd (KL:UEMS) rose for a fourth straight session on Tuesday, driven by speculation over its undervaluation, potential takeover interest and re-rating prospects as it looks to unlock value from its Johor landbank.