News by EdgeProp

SkyWorld Development Bhd has established its first permanent overseas presence with the opening of a sales gallery and office in Ho Chi Minh City, Vietnam.

Matrix Concepts Holdings Bhd recorded a 19.4% increase in revenue to RM1.37 billion for the financial year ended March 31, 2026 (FY2026), supported by higher property-development contributions and new revenue from its acquisition of Selangor-based Horizon Group.

Infoline Tec Group Bhd is seeking shareholder approval to acquire two adjoining three-storey semi-detached factory buildings in Kota Damansara, Selangor, for RM18.58 million in cash as its new corporate headquarters, while also proposing to establish an employee share option scheme (Esos) of up to 10% of its issued share capital.

Better connectivity, quality education, greener neighbourhoods and professionally planned communities are transforming the Semenyih–Beranang corridor into one of Southern Klang Valley’s fastest-growing family neighbourhoods.

Malton Bhd said there has been no material progress in its proposed collaboration with China's Dongguan Benling Vehicle Technology Co Ltd (BENLG) to explore the Malaysian electric vehicle (EV) motorcycle market, about six months after the parties signed a memorandum of understanding (MoU).

Aneka Jaringan Holdings Bhd has completed the acquisition of a 51% equity interest in P3 International Sdn Bhd for RM1.02 million in cash, making the target company a subsidiary.

An application has been submitted to redevelop an approximately two-acre site on Jalan Scotland, George Town, Penang, into a 35-storey condominium comprising 298 units, according to documents lodged with the Penang Island City Council.

The century-old 1926 Heritage Hotel Penang has completed a RM20 million restoration, reopening as the first property in Malaysia to join The Unlimited Collection by The Ascott Limited, as adaptive reuse continues to expand Penang's heritage hospitality offering.

Magna Prima Bhd and OCR Group Bhd have completed the previously announced land transaction after the conditions for completion under the sale and purchase agreement (SPA) were fulfilled.

Hektar Real Estate Investment Trust (Hektar REIT) has submitted its listing application to Bursa Malaysia Securities in connection with its proposed RM125 million acquisition and sale-and-leaseback of KYS KL East International School in Kuala Lumpur.