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.
KIP Real Estate Investment Trust (KL:KIPREIT), which primarily invests in retail properties, is acquiring a 4,663-sq metre (100,416 sq feet) parcel of land in Gerik, Perak, for RM14.8 million, cash.
Property developer Yong Tai Bhd (KL:YONGTAI) said it will defend itself against a lawsuit filed by construction firm Kerjaya Prospek Group Bhd (KL:KERJAYA) over an alleged unpaid contract dispute, and may also consider countersuing.
Glomac Bhd (KL:GLOMAC) plans to raise up to RM3 billion through a sukuk wakalah programme to finance land acquisition, refinance debts and fund capital expenditure.
Quarterly revenue grew 25.2% to RM245.8 million from RM196.4 million in the previous year.
The development will include serviced apartments, small office home office, small office virtual office, and shop offices.
The increase was attributed to higher selling prices and sales volumes of crude palm oil and palm kernel, lower production costs, and a reduced fair value loss on unharvested fruit.
The company did not reveal the details of the allegations, but it confirmed that three of its officers were arrested by the MACC on August 8.
Kumpulan Kitacon Bhd (KL:KITACON) has secured a contract worth RM111.23 million for the construction of factories and industrial facilities in Klang, Selangor.
MK Land Holdings Bhd (KL:MKLAND) said on Thursday it has reached a settlement with the tax authority that would cut the additional bills and penalty imposed on its unit by nearly 85%.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
