News by theedgemarkets.com

Impiana Hotels Bhd’s wholly-owned subsidiary Impiana Cherating Sdn Bhd has been served a winding up petition by Axventure Sdn Bhd over an unpaid amount relating to the redevelopment of a resort.

KLCCP Stapled Group reported a 30.43% rise in net profit to RM176.59 million for the third quarter ended Sept 30, 2022 (3QFY22), from RM135.39 million a year earlier, on the back of improved performances across all business segments.

Sentral REIT's net property income for the third quarter ended Sept 30, 2022 (3QFY22) declined 12.5% to RM28.4 million, from RM32.47 million a year earlier.

CapitaLand Malaysia Trust (CLMT) is buying 91.8% of the total strata floor area of retail parcels in Penang's Queensbay Mall from parties related to CapitaLand Investment Ltd (CLI) for RM990.5 million in a related-party transaction.

Datuk Michael Chooi Yoey Sun, who emerged as the property developer’s substantial shareholder in January this year, disposed of 10 million shares on the open market on Monday (Nov 7), according to a Bursa Malaysia filing.

Paragon Globe Bhd has proposed to acquire a 42.29ha parcel of land in Johor Bahru for RM71.5 million, which is more than half of its market capitalisation of RM130.66 million.

Caretaker Transport Minister Datuk Seri Wee Ka Siong said he was very disappointed, felt sorry and apologised to the public for the inconvenience caused from the shutdown of the Kelana Jaya LRT Line for seven days.

Rapid KL has asked passengers to utilise its feeder bus service to ease congestion, following the suspension of services at 16 LRT stations from the Kelana Jaya Station to the Ampang Park Station for seven days from Wednesday (Nov 9) to Tuesday (Nov 15).

Rapid KL said the stations affected are Kelana Jaya, Taman Bahagia, Taman Paramount, Asia Jaya, Taman Jaya, Universiti, Kerinchi, Abdullah Hukum, Bangsar, KL Sentral, Pasar Seni, Masjid Jamek, Dang Wangi, Kampung Baru, KLCC and Ampang Park.

The land is three kilometres away from Phase 4 of the KHTP and will therefore be converted into industrial or residential status from its current agricultural status.