News by TheEdgeMarkets.com

Sime Darby Property said the acquisition is in line with the group's journey under the SHIFT25 strategy to transform from a pure play property developer into a real estate company by broadening and diversifying income streams.

Prior to holding the CFO position at S P Setia, Annuar Marzuki Abdul Aziz, 52, was CFO and chief investment officer of KLCC Property Holdings Bhd.

Ireka Corp Bhd has been slapped with a RM97.91 million suit from a joint venture (JV) partner linked to obligations of a JV agreement for a development project.

In a Bursa Malaysia filing, AmFIRST REIT said Raja Nazirin Shah Raja Mohamad, 59, has resigned as CEO and director of the REIT “to pursue other opportunities”.

The deadline for Top Builders to release its first quarter for the financial year ending June 30, 2023 (1QFY2023) report was Wednesday (Nov 30), as per Bursa Malaysia’s main market listing requirements.

TCS Group Holdings Bhd announced its wholly owned subsidiary TCS Construction Sdn Bhd has bagged a RM119.61 million contract from Eupe PJ South Development Sdn Bhd for the construction and completion of main building works for a service condominium project known as Helix2.

Gamuda Land’s SplashMania in Gamuda Cove is set to welcome guests in January next year. A sneak preview event of the waterpark was held on Wednesday (Nov 30) at Quayside Mall.

Malaysian Resources Corp Bhd (MRCB) registered a net profit of RM23.7 million for the third quarter ended Sept 30, 2022 (3QFY2022), versus RM32.16 million net loss in last year’s corresponding quarter, as revenue jumped 524% year-on-year to RM860 million.

Mah Sing Group Bhd's net profit grew 17% to RM47.06 million for the third quarter ended Sept 30, 2022 (3QFY2022) from RM40.16 million on the back of stronger revenue, partially offset by higher cost of sales.

Sime Darby Property Bhd said on Wednesday (Nov 30) that it anticipates the group’s sales momentum to continue into the financial year ending Dec 31, 2023 (FY2023), albeit weaker due to the global economic uncertainties in the year ahead.