MARC Ratings has assigned preliminary ratings of AIS(cg)/MARC-1IS(cg) to SkyWorld Capital Bhd’s proposed RM300 million Islamic medium-term notes (MTN)/commercial papers programmes with a stable outlook.
Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income in the quarter ended Dec 31, 2022 (4QFY2022) rose 17.17% to RM96.89 million from RM82.69 million, as higher rental income more than offset higher utilities and maintenance costs.
Loss-making builder Pasukhas Group Bhd has secured a RM21 million contract to build a production building, warehouse and three-storey office in Kulai, Johor.
Gamuda Bhd has redesignated former auditor general Tan Sri Ambrin Buang as the group’s new chairman, succeeding Datuk Mohammed Che Hussein, who retired in December 2022.
KLCCP Stapled Group Bhd has recorded a near four-fold rise in net profit to RM279.47 million for the fourth quarter ended Dec 31, 2022 (4QFY2022), from RM70.33 million a year earlier, boosted by strong recovery in the retail and hotel segments.
Mohamad Noor, 77, resigned due to personal reasons.
The land measures approximately 7.54 acres.
Masteel said it earned three out of four stars in the ESG Ratings among public listed companies in FBM EMAS, placing it within the top 26%-50% of PLCs assessed by FTSE Russell.
Its wholly-owned unit Pasdec Corp Sdn Bhd has entered into a JV agreement with a special purpose vehicle called Sedimi Property Development Sdn Bhd to develop the 238 pieces of vacant leasehold plots with a total area of 60,049 square metres.
Net property income fell to RM3.88 million in 2QFY23, from RM4.7 million a year ago, while net income declined 93% to RM108,000 from RM1.53 million amid higher interest expense.
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