News by EdgeProp.my

OCR Group Bhd has extended the heads of agreement (HOA) deadline for its proposed acquisition of a 49% equity interest in Chester Properties Sdn Bhd by two months, allowing the parties additional time to negotiate and finalise the definitive agreement.

SkyWorld Development Bhd has unveiled “SkyWorld 2040”, a 15-year long-term strategic plan aimed at positioning the group among Southeast Asia’s top 30 property developers by 2040.

T7 Global Bhd’s wholly owned subsidiary T7 Property Sdn Bhd has entered into a sale and purchase agreement to acquire an office unit at KL Trillion, Jalan Tun Razak, Kuala Lumpur, from Tan Kay Shen for RM1.6 million in a related-party transaction.

Batu Kawan Bhd’s wholly owned subsidiary Whitmore Holdings Sdn Bhd has completed the first tranche of its acquisition of shares in MKH Bhd via a direct business transaction (DBT), as part of a proposed conditional mandatory take-over offer at RM2 per share.

Tanco Holdings Bhd is seeking shareholder approval to acquire a 300-acre parcel of land in Port Dickson for RM88.5 million and to provide up to RM250 million in funding and guarantees for the first phase of the proposed Port Dickson Free Zone (PDFZ) development.

Ayer Holdings Bhd (AYER) delivered a strong start to FY2026, with revenue rising 137% year-on-year to RM42.7 million for the first quarter ended March 31, 2026 (1QFY2026), supported by higher contributions from its property development and plantation segments.

YTL Corp Bhd recorded higher revenue for the third quarter ended March 31, 2026 (3QFY2026), supported by stronger contributions from its property, construction and selected infrastructure-related operations, although overall earnings were weighed down by softer performance in several other business segments.

Golden Village Properties (GVP) marked the completion of Residensi Pauh Harmoni with a handover of keys event on April 26 in Seberang Perai Tengah, Penang.

Selangor Dredging Bhd (SDB) maintained a single-tier dividend of 3.0 sen per share and strengthened its cash position, even as earnings were weighed down by the completion of key projects and slower profit recognition from newer launches.

Berjaya Corp Bhd’s (BCorp) property and hospitality segments delivered higher revenue in the third quarter ended March 31, 2026 (3QFY2026), supported by progress billings and stronger occupancy, but weaker contributions from its non-food retail and services businesses saw the group’s net loss widen.