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.

The suspension of new construction approvals in the city and the requirement for all projects to comply with geotechnical reports is an “overkill”, said Dexter Koh, deputy president, Malaysian Institute of Architect.

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.

Aspen Group has reversed into earnings of RM38.26 million for the financial year ended June 30, 2024 (FY2024), from a loss of RM195 million last year.

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.

Despite the government's recent mandate for Building Information Modeling (BIM) in the construction sector, significant challenges remain, says an industry expert.