News by M

Tower Real Estate Investment Trust (KL:TWRREIT), the REIT arm of the Hong Leong Group, announced that Martin Kung Boon Keat, the CEO of its REIT manager GLM REIT Management Sdn Bhd, will step down from his post on June 12, 2025.

Vizione Holdings Bhd (KL:VIZIONE) said a RM490 million contract for the construction of apartments in Sabah awarded to the group by Permaju Industries Bhd (KL:PERMAJU) has been terminated.

East Malaysia-based consumer goods distributor Kim Teck Cheong Consolidated Bhd (KL:KTC) said it is acquiring 15.15 acres of land in Kota Kinabalu to develop a regional distribution and warehouse hub.

Property developer Bertam Alliance Bhd (KL:BERTAM) is set to exit Bursa Malaysia's Practice Note 17 (PN17) category for financially distressed companies on Thursday (June 12), after being in the status for seven years.

A developer of data centres planned in the Johor-Singapore Special Economic Zone (JS-SEZ) has secured RM15 billion in financing from a group of lenders.

Noteworthy:

• Freehold
• Built-up size: 1,526 sq ft
• Floor level: Mid
• 3 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: Sunway 163 Mall, Mont’Kiara International School, Damansara Specialist Hospital 2, Garden International School, Kuala Lumpur Golf & Country Club
• Accessibility: SPRINT-Damansara and Penchala Links, NSE, NKVE, Jalan Dutamas

When: January 2025

Binastra Corporation Bhd (KL:BNASTRA) on Wednesday said it has secured a contract worth RM268 million to build serviced apartments.

Lulu Group is shutting down its hypermarkets in Malaysia, while keeping its wholesale division in the country.

The Kuala Lumpur Local Plan 2040 (KLLP2040) has been gazetted and comes into effect today. It will be officially launched by the Prime Minister on June 24.

Global hospitality technology company OYO has introduced SUNDAY Hotel in Malaysia, with simultaneous launches in Kuala Lumpur and Pantai Cenang, Langkawi.