Yong Tai sees changes in leadership after new largest shareholder emerges
Yong Tai Bhd saw the emergence of its new largest shareholder after Domain Capital Sdn Bhd acquired 90 million shares representing a 23.8% stake in the property developer.
After regaining firm footing in FY2022, Sunway REIT eyes more positive upside from post-Covid reopening
Sunway Real Estate Investment Trust (Sunway REIT) is cautiously optimistic on its outlook for the financial year ending Dec 31, 2023 (FY2023), underpinned by the continued growth momentum in its retail and hotel segments on the back of the full reopening of all economic sectors and international borders.
Guocoland to dispose of land in Melaka for RM19 mil
Guocoland (Malaysia) Bhd has proposed to dispose of a parcel of land in Jasin, Melaka for RM19.02 million and use the proceeds for its general working capital.
Sunway REIT eyes overseas properties to grow portfolio
Sunway Real Estate Investment Trust (Sunway REIT) is on the lookout for properties outside Malaysia as it seeks to grow its asset value.
Advancecon secures RM86 mil construction job for PKNS's Sierra Alam project
Earthworks and civil engineering service provider Advancecon Holdings Bhd has bagged an RM86 million construction contract from Perbadanan Kemajuan Negeri Selangor (PKNS) for Phase 1 of its Sierra Alam development in Section U10, Shah Alam, Selangor.
Axis REIT posts small rise in 1Q net property income, declares 2.05 sen income distribution
Axis Real Estate Investment Trust’s (Axis REIT) posted a marginal increase of 0.92% in its net property income (NPI) to RM58.93 million for the first quarter ended March 31, 2023 (1QFY2023), from RM58.39 million a year earlier, due mainly to rental from newly acquired properties and positive rental reversion in 2022.
Bina Puri’s rights issue undersubscribed by 6.63%
At the close of acceptance on April 11, the valid acceptances and excess applications totalled 1.29 billion rights shares, which is 93.37% of the 1.38 billion rights shares made available for subscription.
Yong Tai terminates gold mining agreement
Yong Tai Bhd has scrapped the mining agreement to undertake a gold mining project on a 100ha site in Bukit Kenderak in Pahang's Lipis district.
Country Heights says ops, financial performance unaffected by Lee Kim Yew's personal incident
Country Heights Holdings Bhd (CHHB) has assured investors that the "recent personal incident" of its controlling shareholder and founder Tan Sri Lee Kim Yew will not impact the company.
Country Heights' Lee Kim Yew says he is 'far from insolvency'
Tan Sri Lee Kim Yew claimed that he did not file for bankruptcy, and is still far from insolvency, after news that the Shah Alam High Court had declared him bankrupt went viral on Wednesday (April 12).
