News by EdgeProp.my

Mah Sing Group Bhd's wholly owned subsidiary Elite Park Development Sdn Bhd has been ordered to pay RM1.65 million in legal costs after the Kuala Lumpur High Court dismissed its claims against three defendants in a lawsuit dating back to 2019.

IJM Corp Bhd shareholders will vote on the renewal of the group's share buy-back mandate, the re-election of three directors and several resolutions relating to directors' remuneration at the company's 42nd annual general meeting (AGM) on Aug 27.

Compugates Holdings Bhd's long-running legal dispute with its joint venture (JV) partner over a proposed mixed-use development in Dengkil, Selangor, has moved further in favour of Main Uptown Sdn Bhd after the Court of Appeal dismissed an appeal by Compugates Development and Mining Sdn Bhd (CDMSB) while allowing Main Uptown's cross-appeal.

Berjaya Property Bhd has obtained Bursa Malaysia Securities Bhd's approval to list and quote 206.79 million new ordinary shares to be issued as consideration for its proposed subscription of a 29% stake in Manjaran Sdn Bhd.

Lagenda Properties Bhd has secured RM475 million through the inaugural issuance under its RM1.5 billion sukuk wakalah programme, marking the affordable township developer's first entry into Malaysia's Islamic debt capital market.

Rivertree STF Synergies Bhd (formerly known as Sinmah Capital Bhd) has deferred its proposed diversification into the management of centralised labour quarters (CLQ), pending the signing and finalisation of a definitive agreement for the business.

Country View Bhd posted a 15.3% increase in net profit for the second quarter ended May 31, 2026 (2QFY2026), despite lower revenue, as higher-margin property sales, a commercial land disposal and lower financing costs offset weaker sales volumes.

The milestone reinforces the developer's fast-turnaround execution model, with M Zenya launched just nine months after the land was acquired.

The programme will support the group's New Economy Venture (NEV) platform, including its RM1.25 billion discretionary, close-ended, Shariah-compliant NEV Fund.

Malaysia is one of a small number of countries in Southeast Asia that permits foreigners to hold freehold or leasehold titles to residential properties in their own names, without local partners, trust structures, or nominee arrangements.