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YNH rose as much as 11% to 50 sen, its highest since April 8, 2024.

The group also said it has issued a clarification to bondholders via Malaysian Trustee Bhd on the issue, as well as its mall sale proceeds, bond collateral and the appointment of a new auditor.

The freehold, single-storey bungalow units will have 3-bedroom 3-bathroom layouts, with built-ups of 1,994 to 2,075 sq ft and land sizes of 52ft x90ft.

This is the latest in its expansion efforts which have encompassed office launches in Japan, Pakistan, and Vietnam.

Shares in Pavilion REIT edged up 1.

“We would like to make it clear that Tan Sri Vincent Tan Chee Yioun has not participated in any such discussions, and refute the inaccurate claims presented in the article.

JRG chairman Tengku Datuk Abu Nirah has expressed his confidence that the development will be a catalyst for socio-economic growth in the East Coast region.

For the full year of FY2024, net profit increased by 35.

The job scope includes the construction of 30 floors of business serviced apartments comprising 553 units, and eight podium floors — six floors of parking, one floor for residents' facilities, and one floor of business space.

According to the REIT, its property operating expenses for the quarter surged 52% y-o-y due to operating expenses incurred for the new property, upgrading works, and higher utility costs driven by additional consumption under the hot weather.