News by THEEDGEMARKETS.COM

In a bourse filing, Malton said MTrustee Bhd, acting as the trustee of Pavilion REIT, has accepted an invitation from its subsidiary Regal Path Sdn Bhd to commence discussion for the potential sale of the mall.

According to a statement, Advancecon's group chief executive officer Phum Ang Kia has been able to expand its business to include quarry operations in its model, despite the impact of Covid-19 on the construction and infrastructure sectors for the past year.

In a sector outlook on Wednesday (Dec 22), HLIB Research said job awards could recover, driven by both the private and public sectors.

According to a statement on Wednesday (Dec 22), this brings Sunway Property closer to its sales target of RM2.2 billion, which is the revised sales target for this year. Its sales target was revised after surpassing its initial sales target of RM1.6 billion in the first half of the year. 

Under the agreement, the company will acquire a 66,667-sq-m (16.47-acre) land with a usage term of 50 years at a cost of around 22.4 million yuan (RM14.81 million) to build its new plant.

In a filing with Bursa Malaysia on Wednesday, Berjaya Food said its wholly-owned subsidiary Berjaya Starbucks Coffee Company Sdn Bhd (BStarbucks) has entered two separate sale and purchase agreements with Berjaya Times Square Sdn Bhd (BTS), a wholly-owned subsidiary of Berjaya Assets Bhd for the proposed acquisition of the units located on Level 10, Berjaya Times Square in Jalan Imbi, Kuala Lumpur.

Gamuda’s quarterly revenue also decreased by 15.74% to RM747.11 million from RM886.67 million in the immediate preceding quarter. 

According to a statement on Tuesday (Dec 21), the opening of the hotel marks the brand debut of Marriott Bonvoy’s Tribute portfolio in Malaysia.

In a statement Tuesday (Dec 21), the National Mortgage Corporation of Malaysia announced its aggregate issuances of RM900 million 3-month Conventional Commercial Papers (CCPs).

Notably, Country Heights has downsized the asset acquisition to a total of RM517 million, from RM544 million previously.