News by EdgeProp.my

Bina Puri Holdings Bhd (BPHB) has obtained an “approval in principle” (AIP) from its participating lenders on the terms of its proposed restructuring scheme mediated by Bank Negara Malaysia’s Corporate Debt Restructuring Committee (CDRC), marking a key procedural step in its debt workout process.

TWL Holdings Bhd (TWL) yesterday brought three long-running joint venture agreements (JVAs) in Klang to a formal close, mutually terminating its residential and commercial development tie-ups with Greatprop Development Sdn Bhd, Elitprop Sdn Bhd and Pentas Irama Sdn Bhd.

Ajiya Bhd has outlined how it intends to use the proceeds from its disposal of shares in Tanco Holdings Bhd, saying the bulk will be redeployed into other quoted investments, with a small allocation for administrative expenses.

The Real Estate and Housing Developers’ Association (Rehda) Malaysia has elected Datuk Zaini Yusoff of S P Setia Bhd as its new president for the 2026–2028 term, following the conclusion of Datuk Ho Hon Sang’s two-year tenure at the helm.

Eco World Development Group Bhd and SD Guthrie Bhd have announced completion updates relating to the acquisition by Eco Business Park 8 Sdn Bhd (EBP8) of approximately 935.241 acres of freehold land in Mukim Kulai, Johor, and SD Guthrie’s disposal of the land to EBP8.

Penang Port has called a tender for a 2.20-acre parcel within Butterworth Deep Water Wharves (BDWW) for development and operation under a long-term sub-lease arrangement.

EWI Capital Bhd (formerly Eco World International Bhd) is repositioning its portfolio towards income‑generating office assets even as near‑term earnings remain weighed down by impairments and foreign‑exchange losses.

Axis Real Estate Investment Trust (Axis‑REIT) is proposing to acquire a fully occupied distribution centre in Bandar Saujana Putra, Selangor, from courier and logistics player City‑Link Express (M) Sdn Bhd for RM128 million in cash.

Pesona Metro Holdings Bhd reported revenue of RM705.9 million and profit before tax (PBT) of RM66.0 million for FY2025. Its property development division recorded PBT of RM43.3 million during the financial year.

Ajiya Bhd has booked a gain of about RM14.3 million from the disposal of its shares in Tanco Holdings Bhd, reducing its position during a decline in the property developer’s stock.