News by M

PNB Merdeka Ventures Sdn Bhd (PNBMV), a unit of Permodalan Nasional Bhd (PNB), has completed its first RM6 billion Sustainability Merdeka Sukuk Wakalah to partly fund the mixed-use development Merdeka 118 project.

GuocoLand (Malaysia) Bhd (KL:GUOCO), the property arm of Hong Leong Group, said its first quarter net profit more than doubled to RM6.1 million from RM2.91 million a year earlier on stronger contributions from its property and hotel divisions.

Radium Development Bhd (KL:RADIUM) has reported a net profit of RM94.24 million for the third quarter, a sharp increase from RM4.81 million a year earlier, mainly due to a one-off gain of RM123.7 million from a land settlement deal with the Kuala Lumpur City Hall (DBKL).

Datuk Seri Maimunah Mohd Sharif’s tenure as Kuala Lumpur mayor will end on Friday (Nov 14), ahead of the original plan of August 2026, as she assumes a new role at Petroliam Nasional Bhd (Petronas).

Property developer Eco World Development Group Bhd (KL:ECOWLD) has launched a RM1.878 billion unrated medium-term note (MTN) programme to partly finance the development and land acquisition for its build-to-lease data centre project in Selangor.

Property developer Bedi Bhd (KL:BEDI), formerly known as WMG Holdings Bhd, entered into a deal on Thursday to sell a hypermarket property in Sandakan, Sabah to retailer and wholesaler Mydin for RM85 million. Mydin is the property’s current lessee.

UEM Sunrise Bhd’s (KL:UEMS) collaborative company, Mega Legacy (M) Sdn Bhd, has signed a memorandum of understanding (MOU) with Kuala Lumpur City Hall (DBKL) to implement Phase 2 of the lake rehabilitation programme at Kepong Metropolitan Park, Kuala Lumpur.

S P Setia Bhd’s sales rose by 78% at RM1.59 billion for 3QFY2025 compared to RM894 million in the same period last year.

Semantan Estate (1952) Sdn Bhd may consider filing for a review of Thursday’s Federal Court decision, which rejected its appeal for the physical recovery of the ‘Duta Enclave’ land and the transfer of the registration of the title to the company.

Semantan Estate (1952) Sdn Bhd has lost its appeal over the Court of Appeal decision on June 24, upholding a ruling that prevents its registration of the prime "Duta Enclave" land currently owned by the government and the physical handover of the land to the company.