UEM Edgenta drops winding-up petition against Ahmad Zaki Resources’ unit
... after the pair mutually agreed that AZSB would settle an RM11.05 million outstanding sum by way of 11 monthly instalments.
Kumpulan Jetson to dispose of industrial land in Gombak for RM35 mil
Automotive, rail and industrial part maker Kumpulan Jetson Bhd has proposed to dispose of a 1.62-hectare industrial land in Gombak, with a factory complex built on it, for RM35 million.
Axis REIT pays 2.33 sen DPU as 4Q NPI climbs 12.7%; in talks to buy RM120m new assets
Axis Real Estate Investment Trust (Axis REIT)’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.71% to RM61.96 million from RM54.98 million a year ago, on the back of income from new acquisitions, new tenancies from existing properties, and positive rental revisions.
IGB REIT declares 2.46 sen DPU as 4Q NPI climbs amid retail recovery; IGB Commercial REIT pays 1.49 sen as NPI drops
IGB Real Estate Investment Trust’s (REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.79% to RM105.64 million from RM93.66 million a year ago, as revenue increased 24.59% to RM148.72 million from RM119.37 million.
Ireka warns of possible losses as it reverses decision to put unit under judicial management
Ireka Corp Bhd is giving a profit warning that its financials are expected to be dragged by the huge losses in its wholly-owned unit Ireka Engineering & Construction Sdn Bhd (IECSB) in the current third financial quarter ending March 31, 2023 (3QFY2023).
Only minor rise in Pesona Metro's major shareholders' stake after takeover offer closes; group bags RM349 mil construction job
Pesona Metro said its wholly owned subsidiary Pesona Metro Sdn Bhd has secured a contract from property developer Land Market Sdn Bhd to build a two-block 44-storey condominium in Mon't Kiara, Kuala Lumpur.
MR DIY buying foreign worker quarters in related party deal
MR DIY Group (M) Bhd is buying 80 units of purpose-built foreign worker quarters in Selangor for RM165,000 each, or a total of RM13.2 million.
Ireka Corp unit's RM163.9 mil hospital extension job terminated
Ireka Corp Bhd said the RM163.9 million contract awarded to its unit Ireka Engineering & Construction Sdn Bhd (IECSB) back in end-June 2020 has been terminated.
Berjaya Land unit's stake in Singapore-listed IEL rises to 68% at close of cash offer
Berjaya Leisure Capital (Cayman) Ltd (BLCC) has received valid acceptances amounting to 39.43 million shares, representing a 22.23% stake, in Informatics Education Ltd (IEL) at the close of the cash offer by the Berjaya Land Bhd subsidiary.
SunCon bags RM1.7b data centre construction job
The construction firm’s wholly owned subsidiary Sunway Construction Sdn Bhd entered into the contract with Yellowwood Properties Sdn Bhd on Dec 31, 2022.
