Ireka Corp sued by RHB Bank over RM6.53m payment default
Ireka Corp Bhd said RHB Bank Bhd has filed a lawsuit against the company, claiming RM6.53 million over an alleged default in a revolving credit facility.
KLCCP Stapled Group posts 38% jump in 4Q profit, declares highest yearly dividend since listing in 2013
KLCCP Stapled Group’s net profit rose 37.6% to RM384.59 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM279.47 million a year ago, primarily contributed by improvement in the hotel and retail segments, while the office segment remained stable.
YTL Hospitality REIT acquires Syeun Hotel in Ipoh for RM55m cash
YTL Hospitality REIT (YTL REIT) is acquiring Syeun Hotel in Ipoh, Perak, for RM55 million cash, as it looks to continuously acquire and invest in high-quality hospitality properties in Malaysia and internationally, with a view to providing long-term and sustainable income distribution to unitholders and achieving long-term growth in net asset value per unit.
Bina Puri hit with winding-up petition by YTL unit over alleged unsettled sum of RM1.7m
Bina Puri Holdings Bhd said it was hit with a winding-up petition by an indirect subsidiary of YTL Corp Bhd, for an alleged unsettled amount of RM1.74 million.
Scientex acquires 24 parcels of land in Muar for RM200m for mixed development
Scientex said its wholly-owned subsidiary Scientex Heights Sdn Bhd has entered into a conditional sale and purchase agreement with Singapore-incorporated Guan Hong Plantation Pte Ltd for the proposed acquisition.
Jiankun’s unit hit with another lawsuit from ex-JV partner concerning residential project
Jiankun International Bhd’s wholly owned unit JKI Development Sdn Bhd (JKID) has been hit with another lawsuit by a former joint venture (JV) partner Fivestar Development (Puchong) Sdn Bhd, demanding RM14.21 million in alleged unpaid sums.
Shares in Daim-linked Avillion slide after MACC charge
Avillion and 23 of its subsidiaries were listed among the 71 assets in the MACC charge sheet in its case against Daim.
AZRB subsidiary served with winding-up petition for allegedly failing to pay debt
Ahmad Zaki Sdn Bhd (AZSB), a wholly-owned subsidiary of engineering and construction group Ahmad Zaki Resources Bhd (AZRB), has been served with a winding-up petition by Sukiada Engineering Sdn Bhd (SESB) for allegedly failing to settle an outstanding amount of RM168,115.25 excluding interest as at June 30, 2023.
Economists expect OPR to remain at 3% for the rest of 2024
Following Bank Negara Malaysia's (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3% on Wednesday, economists project the key rate will be kept intact for the rest of the year.
Six million Tanco warrants exercised at 31 sen apiece as share price on downward spiral
While Tanco Holdings Bhd’s share price has been on a downward spiral, a total of 6.07 million warrants were converted at the exercise price of 31 sen per share, the company’s filing to Bursa Malaysia showed.
