Loss-making Kumpulan Jetson Bhd has proposed to undertake a share capital reduction (SCR) as well as a private placement exercise to partially fund the acquisition of majority ownership in Melaka property developer Magical Era (M) Sdn Bhd (MESB).
UEM Sunrise Bhd’s Allevia in Mont'Kiara, Kuala Lumpur has achieved a 90.5% take-up rate and is scheduled for handover in the first quarter of 2025 (1Q2025), according to a statement on Wednesday.
Fajarbaru Builder Group Bhd has been appointed as the developer of a RM192 million affordable housing project in Putrajaya by the federal territory’s local authority.
Energy infrastructure group Wasco Bhd is disposing a parcel of land together with storage buildings erected on site in Shah Alam for RM40 million to Array Metal (M) Sdn Bhd.
The Shah Alam High Court has set March 27 as the auction date for five plots of land in Shah Alam belonging to Serba Dinamik Holdings Bhd.
Following Bank Negara Malaysia's (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3% on Wednesday, economists project the key rate will be kept intact for the rest of the year.
Maju Offshore Capital Sdn Bhd has ceased to be loss-making Bina Puri Holdings Bhd’s substantial shareholder after it sold a 2.96% stake in the company for RM4 million.
Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income (NPI) rose 38.97% to RM134.64 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM96.89 million a year earlier, due to increased revenue from its malls, including newly acquired Pavilion Bukit Jalil.
Noteworthy:
When: October 2023
Sime Darby Property Bhd, through its wholly owned subsidiary Seed Homes Sdn Bhd, has signed a shareholders agreement with Lagenda Properties Bhd to set up Seed Homes Lagenda, a 50:50 joint venture to develop affordable housing, according to a statement on Wednesday.
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