News by EDGEPROP.MY

Eastern & Oriental Bhd (E&O) and Majestic Gen Sdn Bhd have proposed to acquire a freehold Jalan Kia Peng site in Kuala Lumpur for RM189.9 million, further expanding E&O's premium residential development landbank in the capital.

ARK Resources Holdings Bhd has called an extraordinary general meeting (EGM) on Sept 30, 2026, for shareholders to vote on its proposed RM28 million acquisition of three adjoining parcels of vacant industrial land in Penang.

Ralis Group Sdn Bhd marked the handover of completed homes at Araca @ Taman Bunga Raya Phase 1 on July 18, signalling the completion of the project's first phase and the beginning of the developer's next stage of growth.

AME Elite Consortium Bhd has signed a memorandum of understanding (MoU) with Taiwan-listed FIC Global Inc (FICG) to support the latter's manufacturing expansion in Johor under its Johor-Singapore Special Economic Zone (JS-SEZ) strategy.

UEM Sunrise Bhd has refreshed its corporate brand as it sharpens its strategic focus and execution, signalling its commitment to long-term value creation through a more focused business model.

Paragon Globe Bhd (PGB) is positioning itself to capitalise on Johor's next phase of growth, underpinned by the Johor-Singapore Special Economic Zone (JS-SEZ), the Johor Bahru-Singapore Rapid Transit System (RTS) Link, expanding industrial activity and rising demand for digital infrastructure and data centres, as it broadens its business beyond property development into a stronger recurring-income platform.

Axis Real Estate Investment Trust (Axis REIT) is expanding its industrial portfolio with a RM113 million acquisition in Kedah, the latest in a series of acquisitions and development projects that strengthen its presence across Malaysia's manufacturing and logistics corridors.

Axis Real Estate Investment Trust (Axis REIT) reported slightly lower earnings for the second quarter ended June 30, 2026 (2QFY2026), as lower occupancy across parts of its portfolio and higher one-off property expenses weighed on performance, while declaring a second interim income distribution of 2.30 sen per unit.

YTL Hospitality REIT posted a 62.1% increase in net profit for the financial year ended June 30, 2026 (FY2026), driven by higher net property income (NPI), fair value gains on investment properties and lower finance costs.

EcoFirst Consolidated Bhd's net profit fell 96.6% to RM485,000 for the unaudited fourth quarter ended May 31, 2026 (4QFY2026), as lower revenue recognition from its KL48 condominium project in Sungai Besi offset steady contributions from its property investment segment.