News by theedgemarkets.com

Sunway Real Estate Investment Trust (Sunway REIT) is cautiously optimistic on its outlook for the financial year ending Dec 31, 2023 (FY2023), underpinned by the continued growth momentum in its retail and hotel segments on the back of the full reopening of all economic sectors and international borders.

Guocoland (Malaysia) Bhd has proposed to dispose of a parcel of land in Jasin, Melaka for RM19.02 million and use the proceeds for its general working capital.

Sunway Real Estate Investment Trust (Sunway REIT) is on the lookout for properties outside Malaysia as it seeks to grow its asset value.

Gains from Genting Malaysia Bhd’s (GenM) planned disposal of four parcels of land in Miami measuring 15.47 acres (Miami Herald Land) for US$1.225 billion (RM5.433 billion) represent a large windfall for the company, according to Nomura.

Genting Malaysia Bhd (GenM) expects to realise an estimated gain on disposal of US$967 million (RM4.289 billion) from the disposal of four parcels of land in Miami measuring 15.47 acres (Miami Herald land) for US$1.225 billion.

Property developer Radium Development Bhd, en route to a Main Market listing on May 31, has set a price of 50 sen per share for its initial public offering (IPO) exercise that will raise RM434 million.

Pekat Group Bhd has secured a RM29.1 million contract to supply grid connected solar photovoltaic (PV) systems in Kulai, Johor.

Teladan Setia Group Bhd via its wholly-owned subsidiary Teladan Setia Sdn Bhd (TSSB) has inked a Memorandum of Understanding (MOU) to install solar PV systems in its Taman Bertam Heights Phase 2A Gated and Guarded housing development project in Melaka.

Aneka Jaringan Holdings Bhd has bagged a RM30.28 million contract for bored piling works related to a serviced apartment and office project located in Bandar Melaka.

Menang Corp (M) Bhd, which was issued an unusual market activity (UMA) query earlier on Wednesday (April 26), said ongoing talks to build a digital hub in Negeri Sembilan, as well as potential land acquisitions in the state and Klang, Selangor, could be the reasons behind the surge in its share price and volume.