News by theedgemalaysia.com

Axis Real Estate Investment Trust (KL:AXREIT) is proposing a private placement to raise up to RM454.99 million for repayment of bank financing.

Malaysian Resources Corp Bhd’s (KL:MRCB) net profit for the second quarter surged more than fourfold to RM51.18 million from RM10.87 million a year earlier, as contribution from its construction segment doubled.

Property developer SkyWorld Development Bhd (KL:SKYWLD) has proposed to jointly develop a property in Vietnam's  Binh Duong Province, its  second venture in that country.

Ekovest Bhd (KL:EKOVEST) narrowed its net loss to RM64.87 million for its fourth quarter ended June 30, 2024 (4QFY2024) from RM95.66 million a year earlier, helped by a turnaround in the performance of its associate.

Zhuhai CosMX Battery Co Ltd, a Chinese manufacturer of batteries, plans to build a manufacturing plant in Kedah involving investment of RM1 billion.

KIP Real Estate Investment Trust (KL:KIPREIT), which primarily invests in retail properties, has proposed to acquire another four industrial properties for a total purchase price of RM98.3 million.

Mah Sing Group Bhd (KL:MAHSING) held a groundbreaking ceremony for Residensi Suria Madani and launched the M Aspira mixed-development project on Thursday. The projects have a combined gross development value of RM1.01 billion.

As the challenges faced by the construction industry are more complex than ever, Master Builders Association Malaysia (MBAM) president Oliver Wee Hiang Chyn urges industry players to embrace the disruption of technology and advocate for sustainability.

India’s Eros Investments Ltd, along with its Immerso AI-IP division, is set to invest US$1 billion (RM4.33 billion) to establish an artificial intelligence (AI) park and film studio in Malaysia, according to a statement from Malaysia’s Ministry of Digital on Thursday.

KLCCP Stapled Group Bhd (KL: KLCC) said its second quarter net profit rose 5.67% to RM191.06 million from RM180.8 million a year ago, on the back of commendable performances from all businesses, especially the retail and hotel segments.