News by Syafiqah Salim

Perak Corp Bhd (KL:PRKCORP), which is 52.9% owned by the Perak State Development Corp, has dismissed allegations that it is losing significant land parcels due to unpaid rent, saying they are "categorically false".

Seremban-based property developer Matrix Concepts Holdings Bhd (KL:MATRIX) has inked a second joint venture (JV) with NS Corp to develop new prime land in Malaysia Vision Valley 2.0 (MVV2.0) into a sustainable township in a deal worth RM435.6 million.

Telekom Malaysia Bhd (KL:TM) announced on Tuesday that it is partnering Singapore Telecommunications Ltd (Singtel) to establish greenfield data centre facilities in Iskandar Puteri, Johor.

Property developer LBS Bina Group Bhd (KL:LBS) said on Thursday that it has unbilled sales of RM1.71 billion as at end-May, which will be recognised in the upcoming years.

Soaring Success Sdn Bhd, a company linked to the Loh family, has emerged as the largest shareholder in Oriental Holdings Bhd (KL:ORIENT), while some family members have been excluded from ownership.

Crescendo Corp Bhd (KL:CRESNDO) announced another land sale to a data centre company. This time around, the property developer is selling a parcel of land in Pulai for RM115.88 million, cash.

Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (KL:HEKTAR), has announced the resignation of its executive director and CEO Johari Shukri Jamil effective immediately.

Muhamad Mat Yakim said that the Kedah MB met with a delegation from China's Henan Airport Group on Sunday.

The Malaysian REIT Managers Association (MRMA) has appointed Leong Kit May, the chief executive officer (CEO) of Axis REIT Managers Bhd, as its new chairman.

Sime Darby Property Bhd (KL:SIMEPROP) announced that it has proposed an internal reorganisation, which involves transferring selected assets, liabilities and business activities to its wholly-owned subsidiaries.