News by TheEdgemarkets.com

The bank is claiming an outstanding amount of RM238.52 million up to April 6. 

KIP REIT Management Sdn Bhd, the manager of KIP Real Estate Investment Trust (KIP REIT), has appointed Valerie Ong Pui Shan as its chief executive officer, effective April 5.

HOMEDEC returned to Penang as it celebrated its 20th anniversary last Friday (April 7) to Sunday at the Setia SPICE Convention Centre. It is scheduled to hold another upcoming exhibition at the Kuala Lumpur Convention Centre from April 28 to May 1.

As part of the Budget 2023 initiatives, Prime Minister Datuk Seri Anwar Ibrahim launched the Kita-Untuk-Kita (K2K) programme on Saturday (April 8), which will be spearheaded by Think City, community leaders, community-based organisations, non-governmental organisations, and other partners.

Fajarbaru Builder Group Bhd has secured a RM125.3 million construction contract for a mixed development project in Penang.

General manager James Ngio noted that the development order is an important milestone for YNH as it marks the developer's entry into Negeri Sembilan.

NCT Group of Companies has achieved a booking rate of 40% for Phase One of the NCT Smart Industrial Park (NSIP) since its launch last year, according to NCT Group founder and group managing director Datuk Seri Yap Ngan Choy at the development's groundbreaking ceremony on Friday (April 7).

Property developer OCR Group Bhd has planned a private placement of up to 40% of its share base to raise an estimated RM26.97 million to fund its development projects.

Hektar Real Estate Investment Trust (Hektar REIT) has renewed 25% of its leases which are expiring this year, or 234,000 sq ft out of 962,565 sq ft of retail space involving 213 tenancies expiring in 2023.

The group recorded a net profit of RM782.66 million for the financial year ended Dec 31, 2022 (FY2022), up 58% from RM495.85 million, on the back of 24% growth in revenue to RM1.46 billion from RM1.17 billion.