News by TheEdgeMarkets.com

Acquiring the properties, which include 16,208 square metres of freehold land and the buildings on it, will provide the group a greater flexibility in undertaking future expansion plans and eliminate the risk of non-renewal of tenancy, said Minda Global.

In a filing with Bursa Malaysia, the retail REIT, which owns six neighbourhood shopping centres throughout Peninsular Malaysia, said Johari Shukri will take over as the CEO from June 11.

RHB Retail Research said Capitaland Malaysia Trust is in the process of consolidating sideways above the 21-day average line, with improved trading volume seen on Thursday (June 9) – forming a “higher low” bullish pattern.

RHB Retail Research said Axis REIT is set to reclaim its historical high after rebounding above the previous breakout level of RM1.92 following the recent pullback – firming up its bullish bias above the breakout level.

In a statement, Hap Seng Consolidated's chairman Thomas Karl Rapp said, "We are pleased to announce the first Marriott Executive Apartments in Kuala Lumpur, and more importantly, to add another exciting project to our growing hospitality portfolio in Malaysia."

This comes after Aspen Group ventured into glove-making business in August 2020 and set up its glove manufacturing plant at Kulim Hi-Tech Park in Kedah. Its glove unit is operating under the name Aspen Glove Sdn Bhd (AGSB), which is a joint venture between Aspen Group and CMY Capital Sdn Bhd, an investment holding company founded by businessman Tan Sri Chua Ma Yu.

In a statement, Tropicana's managing director of marketing and sales division, Joanne Lee said: “Malaysia is on track for recovery, where residential property volume and value transactions are up 3.9% and 16.7%, and shoppers are more eager to shop and dine out again. We introduced this campaign as a way of giving back to our property purchasers and retail customers, and as a timely measure, in line with this demand.”

IJM Land will officially launch Uptown Square, the commercial component of Bandar Rimbayu, in Telok Panglima Garang, Selangor on June 19.

Sarawak Consolidated Industries Bhd (SCIB) has bagged an engineering, procurement, construction and commissioning (EPCC) contract worth RM30.75 million

CapitaLand Malaysia Trust has proposed to buy industrial properties in Penang from Dynaciate Group Bhd for RM80 million to venture into the logistics sector.