News by Justin Lim

Sunway Real Estate Investment Trust (Sunway REIT) is on the lookout for properties outside Malaysia as it seeks to grow its asset value.

Earthworks and civil engineering service provider Advancecon Holdings Bhd has bagged an RM86 million construction contract from Perbadanan Kemajuan Negeri Selangor (PKNS) for Phase 1 of its Sierra Alam development in Section U10, Shah Alam, Selangor.

Axis Real Estate Investment Trust’s (Axis REIT) posted a marginal increase of 0.92% in its net property income (NPI) to RM58.93 million for the first quarter ended March 31, 2023 (1QFY2023), from RM58.39 million a year earlier, due mainly to rental from newly acquired properties and positive rental reversion in 2022.

At the close of acceptance on April 11, the valid acceptances and excess applications totalled 1.29 billion rights shares, which is 93.37% of the 1.38 billion rights shares made available for subscription. 

Yong Tai Bhd has scrapped the mining agreement to undertake a gold mining project on a 100ha site in Bukit Kenderak in Pahang's Lipis district.

Country Heights Holdings Bhd (CHHB) has assured investors that the "recent personal incident" of its controlling shareholder and founder Tan Sri Lee Kim Yew will not impact the company.

Tan Sri Lee Kim Yew claimed that he did not file for bankruptcy, and is still far from insolvency, after news that the Shah Alam High Court had declared him bankrupt went viral on Wednesday (April 12).

News that property developer Country Heights Holdings Bhd's founder and largest shareholder Tan Sri Lee Kim Yew had been declared bankrupt by the Shah Alam High Court went viral yesterday.

Country Heights Holdings Bhd founder and largest shareholder Tan Sri Lee Kim Yew has been declared a bankrupt by the Shah Alam High Court.

Hektar Real Estate Investment Trust (Hektar REIT) has renewed 25% of its leases which are expiring this year, or 234,000 sq ft out of 962,565 sq ft of retail space involving 213 tenancies expiring in 2023.